Wednesday, July 16, 2008

Bertelsmann Fire-Sale Update

Bertelsmann CEO Hartmut Ostrowski wrote a letter to employees that leaked to the Associated Press recently, in which he said Bertelsmann is looking to sell off just about every book club that isn't in a German- or French-speaking nation.

This somewhat contradicts the recent word that Bertelsmann's French bookclub operation was up for sale. But it is clear that they're trying to divest themselves of as many bookclubs as quickly as they can.

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