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[25 Nov 2008 | No Comment | ]

Last week Random House announced that pensions would be frozen at current levels for existing employees and future hires would receive no pension amid declining sales and a gloomy forecast for 2009. This week they announced that they are broadening their digital book business by expanding their e-book offerings to include titles by authors such as John Updike and Harlan Coben, as well as an old-time kids favourite the “Magic Treehouse” series, plus thousands more. Sounds like they are getting their house in order? (sorry).
Random House currently publishes just over 8,000 …