Bertelsmann will pay an undisclosed nine-figure sum to buy out the remaining 25.1 percent stake in magazine publisher Gruner + Jahr from Jahr Holding. The cash transaction is set to close November 1. Chief executive Thomas Rabe says, “We are following up [our] clear commitments to the television, book and music industries with another clear commitment to journalism.” G+J had sales of €2.1 billion in 2013, though sales were down almost €100 in the first half of 2014. Last Friday Ingram Content Group, opened a 50,000-square-foot print-on-demand printing and distribution operation in Fresno, CA. It’s their first facility in California. […]
