'Fifty Shades of Grey' boosts Random House sales

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Associated Press

Posted on March 26, 2013 at 4:33 AM

Updated Tuesday, Mar 26 at 5:02 AM

FRANKFURT, Germany (AP) — Random House publishing company has booked a record year thanks to sales of the "Fifty Shades of Grey" erotic romance trilogy.

Revenues at the New York based publisher jumped 22.5 percent to €2.1 billion ($2.7 billion) in 2012. The company sold 70 million copies of "Fifty Shades" in print, audio and e-books in English, German and Spanish.

Random House operating earnings leaped 76 percent to €325 million.

Earnings at German parent company Bertelsmann edged up to €619 million for 2012 from €612 million the year before. Higher expenses for taxes and what it called "structurally declining" businesses hurt profits.

Privately held Bertelsmann includes broadcaster RTL, magazine publisher Gruner + Jahr and music rights business BMG.

Random House is merging with Pearson's Penguin book publisher.

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