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Concept
Random House
Summary
Random House is an American book publisher and the largest general-interest paperback publisher in the world. Random House has several independently managed subsidiaries around the world. It is part of Penguin Random House, which is owned by German media conglomerate Bertelsmann.
Random House was founded in 1927 by Bennett Cerf and Donald Klopfer, two years after they acquired the Modern Library imprint from publisher Horace Liveright, which reprints classic works of literature. Cerf is quoted as saying, "We just said we were going to publish a few books on the side at random," which suggested the name Random House. In 1934, they published the first authorized edition of James Joyce's novel Ulysses in the Anglophone world. Ulysses transformed Random House into a formidable publisher over the next two decades. In 1936, it absorbed the firm of Smith and Haas—Robert Haas became the third partner until retiring and selling his share back to Cerf and Klopfer in 1956—which added authors including William Faulkner, Isak Dinesen, André Malraux, Robert Graves, and Jean de Brunhoff, who wrote the Babar children's books. Random House also hired editors Harry Maule, Robert Linscott, and Saxe Commins, and they brought authors such as Sinclair Lewis and Robert Penn Warren with them. Random House entered reference publishing in 1947 with the American College Dictionary, which was followed in 1966 by its first unabridged dictionary. In October 1959, Random House went public at $11.25 a share. This move drew other publishing companies, such as Simon & Schuster, to later go public. American publishers Alfred A. Knopf, Inc. and Beginner Books were acquired by Random House in 1960 and Pantheon Books in 1961; works continue to be published under these imprints with editorial independence, such as Everyman's Library, a series of classical literature reprints. In 1965, RCA bought Random House as part of a diversification strategy. Random House acquired the paperback book publisher Ballantine Books in 1973. RCA sold Random House to Advance Publications in 1980.
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