{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: PUBLISHERS RANDOM HOUSE PURCHASED BY GERMAN BOOK GROUP' data-url='/boclips/videos/5c54c108d8eafeecae14f45f' data-video-url='/boclips/videos/5c54c108d8eafeecae14f45f' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: PUBLISHERS RANDOM HOUSE PURCHASED BY GERMAN BOOK GROUP\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatThe United State's largest book publisher has been bought buy the German media  conglomerate Bertelsmann A-G in a deal that will bring some of the world's most  famous authors under one roof.Bertelsmann announced it had...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eThe United State's largest book publisher has been bought buy the German media  conglomerate Bertelsmann A-G in a deal that will bring some of the world's most  famous authors under one roof.\u003cbr/\u003eBertelsmann announced it had finalised the deal with Random House on Friday but the  purchase price was not disclosed.\u003cbr/\u003eThe combined publishing business will retain the Random House name.\u003cbr/\u003eThe merger of the two big publishing houses will unite many of the world's best selling  authors under one roof.\u003cbr/\u003eBertelsmann's holdings include Bantam Doubleday Dell, publisher of John Grisham,  Maya Angelou and Dean Koontz.\u003cbr/\u003eRandom House, owned by Advance Publications Inc., has published the best-selling  authors Michael Crichton, Norman Mailer and John Updike. \u003cbr/\u003eAdvance decided to sell the publisher to focus on its main businesses which is  newspapers, magazines, business journals and cable television.\u003cbr/\u003eThe privately held Advance, owned by the Newhouse family, includes The New Yorker,  G-Q and Vanity Fair among its publications.\u003cbr/\u003eBertelsmann, the world's third-largest media and entertainment company behind Time  Warner Inc. and Walt Disney Co., adds another well-known name to its stable of  properties through the purchase.\u003cbr/\u003ePeter Olson is currently the chairman of Bertelsmann's North American book group and  he will head the new company, which will retain the Random House name.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Book business is our core business. We have always been in the last few years the  biggest book company in the world with our book direct marketing activities -- 25 million  book-club members worldwide and a significant book publishisihg presence in the US,  England, Germany and Spain and it has been one of our key priorities to expand in the  book publishing business through acquisition and internal growth.\"\u003cbr/\u003eSUPER CAPTION: Peter Olson, Chairman, Bertelsmann Book Group NA\u003cbr/\u003eThe company owns the B-M-G music club, the R-C-A and Arista record labels as well  as McCall's and Family Circle magazines.\u003cbr/\u003eRandom House will also provide a wealth of titles for a new online book-selling venture  that Bertelsmann is planning to compete with Amazon.com and Barnes \u0026amp; Noble. \u003cbr/\u003eBertelsmann announced plans last month to develop BooksOnline, which aims to sell  titles by all publishers in several languages.\u003cbr/\u003eAnd despite Bertelsmann's growing power, Olson insists that Random house will be  free to manage its own business.\u003cbr/\u003eThe company combines a variety of publishing imprints such as Doubleday, Bantam  Books, Dell-Delacorte and Broadway Books from Bertelsmann and Random House,  Knopf, Crown and Ballantine from Advance.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"It's important to emphasize that we intend to maintain the editorial independence and  publishing autonomy of all of the various imprints and publishing divisions at Bantam  Doubleday Dell and Random House and rather enhance and expand than contract  these\u003cbr/\u003eoperations.\"\u003cbr/\u003eSUPER CAPTION: Peter Olson, Chairman, Bertelsmann Book Group NA\u003cbr/\u003eBertelsmann purchased Bantam Books in 1977 and has since moved to expand its  English-language publishing operation. \u003cbr/\u003eBertelsmann also has been cited in published reports as a possible buyer of part of  Simon \u0026amp; Schuster, the major publisher owned by Viacom Inc.\u003cbr/\u003eThe New York-based media conglomerate said in January it would sell Simon \u0026amp;  Schuster's educational, reference and professional operations.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"We see the marketplace evolving rapidly into one of ever greater diversity. Take the  mall stores of the 70's and 80's, with thirty to forty thousand titles per store; to the  superstores of today with 150 to 200 thousand titles; electronic super-superstores with  one to two million titles...we want to service this broad and increasingly diverse  market.\"\u003cbr/\u003eSUPER CAPTION: Peter Olson, Chairman, Bertelsmann Book Group NA\u003cbr/\u003eAlberto Vitale, chairman and Chief Executive Officer (C-E-O) of Random House since  1989, will stay on as chairman of the new publishing company's supervisory board. \u003cbr/\u003eVitale formerly served as C-E-O of Bantam Doubleday Dell.\u003cbr/\u003eRandom House was founded in 1927 by Bennett Cerf and Donald S. Klopfer. \u003cbr/\u003eThe company was purchased by Advance in 1980.\u003cbr/\u003eNew York City, United States - 23 March 1998\u003cbr/\u003e1. Wide overhead at book store (barnes \u0026amp; noble)\u003cbr/\u003e2. Close up man reading book\u003cbr/\u003e3. Tilt down to exterior of Bertelsmann building\u003cbr/\u003e4. Pull out from sign on door to people walking into Bertelsmann building\u003cbr/\u003e5. Wide of Random House ext.\u003cbr/\u003e6. Medium close of Random House logo in lobby\u003cbr/\u003e7. Close up of same\u003cbr/\u003e8. Two Michael Crichton books\u003cbr/\u003e9. Cover of Norman Mailer book\u003cbr/\u003e10. Cover of John Updike book\u003cbr/\u003e11. Wide of Peter Olson in office, chatting with assistant\u003cbr/\u003e12. Medium of Peter Olson\u003cbr/\u003e13. Reverse of two-shot (wide)\u003cbr/\u003e14. SOUNDBITE: Peter Olson, Chairman, Bertelsmann Book Group NA\u003cbr/\u003e15. Bertelsmann flag\u003cbr/\u003e16. Wide of woman picking up book\u003cbr/\u003e17. Close up pan from woman's face to book\u003cbr/\u003e18. Covers of John Grisham novels\u003cbr/\u003e19. Medium shot of young woman reading\u003cbr/\u003e20. Wide of same woman\u003cbr/\u003e21. SOUNDBITE:  Peter Olson, Chairman, Bertelsmann Book Group NA\u003cbr/\u003e22. Cutaway to hands\u003cbr/\u003e23. SOUNDBITE: Peter Olson, Chairman, Bertelsmann Book Group NA \u003cbr/\u003e24. Wide overhead of book store\u003cbr/\u003e25. Back of woman reading\u003cbr/\u003e26. Medium of another woman reading\u003cbr/\u003e27. Wide of register of book store\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=982478\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003eHigher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=1216220\"\u003eAll Subjects\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Type\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;search_tab_id=2\u0026amp;type_ids%5B%5D=4543650\"\u003eNews Clips\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSource:\u003c/dt\u003e\n\u003cdd\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003egermany, entertainment, western europe, europe, north america, john updike, maya angelou, business\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003eresidential real estate, store, consumer products and services, inc., industries, publishing, united states, michael crichton, john grisham, consumer services, lifestyle, book publishing, 000 titles, time warner inc, walt disney co, world, retail and wholesale, media and entertainment industry, arts and entertainment, dean koontz, retail industry, viacom, book clubs, book retail, home buying, expand, norman mailer, books and literature\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down 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