History
Publisher Donald Fine founded Arbor House in Westminster, Maryland in 1969, using a $5,000 loan. Fine was vice president of Dell Publishing and a co-founder of Delacorte Press, before starting his own business. Arbor House was acquired by the Hearst Corporation in 1978 for $1.5 million. Industry officials had previously speculated that Arbor House would merge with William Morrow & Company, another company in the Hearst Corporation, unless it published a number of best selling books.
In June 1987, it was announced that Arbor House would become an imprint of William Morrow & Company from January 1988. Arbor House's employees transferred to William Morrow & Company.
Read more about this topic: Arbor House
Famous quotes containing the word history:
“You treat world history as a mathematician does mathematics, in which nothing but laws and formulas exist, no reality, no good and evil, no time, no yesterday, no tomorrow, nothing but an eternal, shallow, mathematical present.”
—Hermann Hesse (1877–1962)
“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
—Mao Zedong (1893–1976)
“The only thing worse than a liar is a liar that’s also a hypocrite!
There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.”
—Edmond De Goncourt (1822–1896)