Thursday, June 12, 2008

Bertelsmann To Sell Out in China reports today -- picking up a story from Financial Times Deutschland -- that Bertelsmann is planning to sell its mainland Chinese bookclub operations.

Those of us from the diaspora will recall that the Chinese operations were led from the US offices, and also some of the glowing reports of the health of that business.

Forbes refers to Direct Group North America as "posting losses," without explaining where they got that information. Bertelsmann is famously tight-lipped about the specific financial details of its companies, though it they did allow (in this Publishers Weekly article) that DGNA's 2007 revenue was 900 million euros.

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