Publisher Has Buyer

Tue., March 24, 1998

From Staff And Wire Reports

German media conglomerate Bertelsmann AG said Monday it will buy Random House, the largest U.S. book publisher.

Bertelsmann owns Bantam Doubleday Dell and has been looking to expand its English-language consumer publishing business. The combined publishing business will retain the Random House name.

A price was not disclosed.

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Publisher Has Buyer

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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