New Bertelsmann Chief May Sell Parts of Direct Group The Financial Times has an article that originated with the German version of the paper looking at incoming Bertelsmann chief Hartmut Ostrowski as he prepares to address a companywide gathering of executives in Berlin this Thursday. The first big rumor is that Ostrowski is considering selling the struggling Direct Group’s book, music and video clubs outside of Germany. A prime target is the US-based unit, recently renamed Direct Group North America and put under the leadership of Random House head Peter Olson. With sales of 1 billion euros it comprises over […]
