(1925 - present day)
About Random House:
Also Random House Value Publishing.
Random House was founded in 1925, when Bennett Cerf and Donald Klopfer purchased The Modern Library, reprints of classic works of literature, from publisher Horace Liveright. Two years later, in 1927, they decided to broaden their publishing activities, and Random House made its debut.
Random House, Inc. is the U.S. division of Random House, the world's largest trade-book publisher, and is owned by Bertelsmann AG, one of the world's foremost media companies.
Random House, Inc. assumed its current ownership with its acquisition by Bertelsmann in 1998, which brought together the imprints of the former Random House, Inc. with those of the former Bantam Doubleday Dell. Random House, Inc.'s adult publishing groups are the Crown Publishing Group, the Knopf Doubleday Publishing Group, and the Random House Publishing Group. The Random House Children's Books division is the world's largest publisher of books for young readers.