Secret Out

Whenever things got dull along publisher's row, bookmen could always amuse themselves with a guessing game called "How Much Is Harry's Take?" The Harry in question was Harry Scherman, 59, founder and president of the Book-of-the-Month Club. The take which interested bookmen was B.O.M.C.'s profit on the $25 million worth of books it distributed last year (over $13.5 million in actual sales, $10.5 million given away free). Scherman could keep it a secret because he and three members of his family owned almost 94% of B.O.M.C.'s stock (Vice President Meredith Wood and his wife owned the rest).

But last week...

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