Random House Decides to Make Investment in Phone Text Market; Screens Might Be Inappropriate for 'Sustained Reading'

Summary


NEW YORK (AP) - Over the past couple of years, the cell phone has emerged as a sound system, a video game player and a TV screen. Now, it could become the latest outlet for books.

Random House, the country's leading trade book publisher, announced Thursday that it had purchased a "significant minority stake" in VOCEL, a San Diego-based company that describes itself as a provider of "premium-branded applications for mobile phones."

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Random House Decides to Make Investment in Phone Text Market; Screens Might Be Inappropriate for 'Sustained Reading'

"You have a whole generation of consumers, perhaps more than a ge...

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