History
The earliest publisher to eventually become part of the Hachette Book Group was Little, Brown and Company, founded in 1837, acquired by Time Inc. in 1968.
Warner Communications had acquired the Paperback Library in 1970 to form Warner Books. In 1982, CBS Publications sold off Popular Library to Warner. In April 1985, Warner Books relaunched Popular Library starting out with five other books plus the reprint of Question of Upbringing continuing each month with the follow volumes from A Dance to the Music of Time series by Anthony Powell. Additional, two books would be issued per month from Popular's new imprint, Questar, for science fiction. Time merged with Warner Communications to form Time Warner in 1989. Publisher Macdonald & Co. was bought in 1992 to become part of the Time Warner Book Group UK, and in 1996 the various branches merged to become Time Warner Trade Publishing, later renamed to Time Warner Book Group. In 2003, Time Warner attempted to sell the Book Group but failed to get high enough bids. In March 2006, Time Warner completed the sale of Book Group to Lagardère to be place under its Hachette Livre book publishing arm. Its Warner Books subsidiary renamed itself Grand Central Publishing in March 2006. Grand Central also launched a more literary imprint, Twelve, under former Random House editor in chief Jonathan Karp. On February 5, 2010, Hachette announced that it would adopt an agency pricing model for its ebooks.
Read more about this topic: Hachette Book Group USA
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