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The privately held Bertelsmann AG, which owns Random House, announced its corporate and divisional half-year results Thursday, reportedly earning 284 million euros (US$546.3 million) from January to June, compared to a loss of 51 million euros (US$74.9 million) a year earlier.
In a letter dated August 28, Markus Dohle, who took over as chairman and CEO of Random House on June 1, addressed his colleagues regarding Random House’s performance. He reported decreased operating revenue and profits from the previous year, due in part to the weak U.S. dollar and British pound, and increased freight and paper costs. He also noted that e-book revenue in the U.S. for the first six months of 2008 is double the company’s e-book revenue for all of 2008.
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- Random House Inc.
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