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...their eyes to the hill, they would have seen the source of the evil. With apparent deliberation, the shooters were aiming high at their targets, at points where bodies are most fragile. The victims were apparently "selected because of their sex or who they were. It was not a random shooting, where you just shoot out there," Doug Golden told ABC's PrimeTime Live. "If that had been true, you would have shot as many boys as you did girls." (A music class of all girls did, however, file out first.) Of the 15 wounded, only one was male (Drew...
...gossipy literary circles of New York City, the half-life of an industry secret is generally the next lunch. That's why the announcement last week that German media titan Bertelsmann AG was buying Random House was doubly shocking. Hardly anyone knew that the venerable American publishing institution, a supposedly sacrosanct division of Advance Publications, was for sale. The estimated $1.4 billion deal was negotiated surreptitiously over four months. Indeed, many Random House staff members found out about it by reading the morning newspaper...
...Gutersloh, Germany, the leader in American publishing. It's just more evidence that in a world of global-media companies, assets don't care what address they call home. Bertelsmann, known for its hands-off reputation with its other U.S. publishing division, Bantam Doubleday Dell (BDD), will maintain the Random House name and keep the editorial operation independent. But the new two-volume division will get much greater leverage with agents, authors and booksellers...
...selling a family jewel, Samuel I. ("Si") Newhouse Jr., chairman of Random House's parent company, Advance Publications, proved that he could read a market as well as a book. And publishing is not a pretty story. Costs have been skyrocketing in a market shaken by high advances, torpid sales and power struggles with superstore book chains. In a statement, Newhouse said the company had reached a "decision to focus its efforts on the management and expansion of its core business of newspapers, magazines, business journals and cable...
...loss statements of Simon & Schuster, owned by Viacom, and of HarperCollins, controlled by News Corp., but couldn't make a deal. For Bertelsmann, the world's third largest media company, the merger immediately establishes a long-sought commanding presence in the U.S., the world's largest media market. "Random House is a dream for Bertelsmann," says Thomas Middelhoff, 44, who engineered the deal just six months before officially stepping into the CEO's job. "I was as surprised as everyone else," says Sonny Mehta, president of Knopf, a prestigious Random House division. "I thought about it and said...