Dohle's Year-End Letter to Random House Employees
In his year-end letter to Random House employees, CEO Markus Dohle characterizes 2009 as “one difficult external and internal challenge after another.” Among these challenges, Dohle cites the recession, price wars, the company’s internal reorganization, and “wide-ranging digital publishing issues.” Despite those difficulties, Dohle also says, “Random House on a worldwide basis will improve its year-on-year profitability in 2009.”
One reason for that improvement is digital publishing, which get a whole paragraph to itself:
“Another of our year’s positive developments is how our e-book sales have increased by triple-digit percentages in the U.S.,
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