Last year, Thomas Middelhoff, who engineered the acquisition of Random House from the Newhouse family, left as chairman of Bertelsmann after a power struggle with the Mohn family, the company's major shareholder.Īnd until recently, Ms. The reorganization comes at a time when Bertelsmann is taking a closer look at costs. So I kind of feel that I've been fired, too.''
Over a period of time those are very strong relationships, which create a feeling of trust. ''In my limited experience as a book author,'' he said, ''it seems to me that the whole thing has to do with relationships between author and editor. And one author, John Berendt, whose nonfiction tale of Savannah, Ga., ''Midnight in the Garden of Good and Evil,'' was a best seller for the Random House Trade Group, said he might leave the fold when his current book was finished. Godoff's ouster and the internal merger revived longstanding fears among authors and agents about the growing consolidation of the publishing business.
publishing division to consistently fall short of their annual profitability targets.'' Olson said in a statement, ''they have been the only Random House Inc. ''Despite the many core strengths of the Random House Trade Group and their numerous best sellers,'' Mr. Olson announced the reorganization and her departure with a highly unusual public rebuke yesterday.
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