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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

Q:

How did that acquisition come about? It was 1977, I believe?

Heiskell:

Oh, earlier than that, no?

Q:

No.

Heiskell:

Well, again, there you had an estate problem, I believe. Everybody was bidding for Book-of-the-Month. And I think that once again there was a case of their believing that we would indeed honor our word in terms of letting them run themselves, but help them with all the services that--you know, we knew a lot more about computers and so on then they did. And it has worked out very well. And the editors have been Book-of-the-Month Club editors. Obviously, ultimately, there's going to be a Time editor just because the original Book-of-the-Month Club editors will have aged, or would have died.

Q:

Did you ever get personally involved in the negotiations for it?

Heiskell:

The Book-of-the-Month?

Q:

Yes.

Heiskell:

Oh, yes.

Q:

Anything you remember about that negotiation?





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