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:
“I believe that in the history of art and of thought there has always been at every living moment of culture a “will to renewal.” This is not the prerogative of the last decade only. All history is nothing but a succession of “crises”Mof rupture, repudiation and resistance.... When there is no “crisis,” there is stagnation, petrification and death. All thought, all art is aggressive.”
—Eugène Ionesco (b. 1912)
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
“When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.”
—William Howard Taft (1857–1930)