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Random House Invests in Literacy

When Big Tobacco primes children for smoking, it’s illegal. When Random House does the same thing, give or take some variables, it’s integral.

Random House, the world’s biggest publisher of consumer books, said on Wednesday its investment arm has become a significant minority shareholder in Philadelphia-based American Reading Co.

… [American Reading Co.'s] program requires students to read for at least 30 minutes each day at school and another 30 at home, and has been credited with boosting standardized test scores in various U.S. school districts.

“They are pioneering a new distribution channel for trade books as enjoyable essentials in the lives of elementary and high school students across the country, many of whom now will go on to become frequent book customers,” said Richard Sarnoff, the president of Random House Ventures.

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Thursday May 23: Real Talk about Life after Publication

These days, writers aren’t just writers: They’re social-media mavens, seasoned public speakers, and one-person publicity machines. And they still have to find time to write their books! Find out what life is like once you've landed that dream book contract in a free web chat with young-adult authors Elizabeth Norris (Unraveling and Unbreakable) and Brodi Ashton (Everneath and Everbound) — plus special guest Kristin Rens, editor at HarperCollins imprint Balzer + Bray. Thursday, May 23 at 7:00 p.m. ET. on Figment.com.