[2] He returned to New York in 1848, dissolved the partnership with John Wiley, and established G. Putnam Broadway with a view to publishing a variety of works, including quality illustrated books.In 1874, the company established its own book printing and manufacturing office, set up by John Putnam and operating initially out of newly leased premises at 182 Fifth Avenue.[8] While keeping the list at 75 titles a year, Putnam focused on winners like Tom Clancy whose book Red Storm Rising sold almost one million copies in 1986.[8] Along with other publishers in the 1980s, Putnam moved to a heavy discount hardcover model to keep up with demand and sales through bookstore chains and price clubs.[11] Then the Seagram Company acquired 80% of MCA from Matsushita, and shortly afterwards Seagram changed the name of the company to Universal Studios, Inc.[12][13] The new owners had no interest in publishing, but Grann stepped in and was able to broker the deal for Putnam to be merged with Penguin Group (a division of British publishing conglomerate Pearson PLC) in 1996.