With the three-year dismantling of Bertelsmann’s once globe-spanning Direct Group essentially complete, capped by the sale last month of the French-language clubs to Najafi Companies, the unit will no longer stand as its own business division as of the end of June. Bertelsmann announced Wednesday that the remaining Direct Group businesses in German-speaking countries and Eastern Europe and their 50 percent interest in Spain’s Circulo de Lectores will be folded into Berteslmann Corporate Investments (which also includes BMG and digital media and Asian investment funds), reporting to Thomas Rabe. In addition, Bertelsmann is still exploring a possible sale and other […]
