Publishing group to raise its exposure with bigger stake in Penguin Random House
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Publishing group to raise its exposure with bigger stake in Penguin Random House
Attempt to diversify away from home market in Europe to growth regions
Chief Thomas Rabe looks to accelerate shift to digital video and online education
Operating profits rose 7.4 per cent to €1.59bn, excluding exceptional items. Revenue grew 2.8 per cent to €12.2bn, a slower pace than the previous year
Profits at Bertelsmann, Europe’s biggest media group by revenue, dropped 35 per cent last year as it scaled back on declining businesses
Bertelsmann is buying Relias from private equity owner Vista Equity Partners for a price it said was “in the mid-hundreds of millions” of dollars
Bertelsmann is increasing its ownership of Gruner + Jahr to 100 per cent by acquiring Jahr Holding’s 25.1 per cent shareholding
European media companies are committing hundreds of millions of dollars to investing in digital start-ups, as they look for ways to diversify away from stalling growth in their core businesses