In 1963, Dell Publishing Company acquired 60% of the Dial Press stock but the Press remained an independent subsidiary. It was jointly owned by Richard Baron and Dell Publishing; E. L. Doctorow was editor-in-chief. In 1969 the Dial Press became wholly owned by Dell Publishing Company. In 1976 Doubleday bought Dell Publishing and the children's division of Dial Press (Dial Books for Young Readers) was sold to E. P. Dutton. Dutton would be bought by New American Library, which in turn became a part of the Penguin Group, a division of Pearson PLC. Doubleday dissolved Dial Press in 1985. The adult imprint was revived by Carole Baron the publisher of Dell at the time part of Bantan/Doubleday/Dell under the leadership of Susan Kamil. It went on to gain awards and bestsellers. It was bought when BDD was sold to Random House. Penguin and Random House merged in 2013, forming Penguin Random House, with the main division part of Random House and the Young Readers division part of Penguin.