Bertelsmann issued a brief third quarter trading report (in the European style), indicating that sales for the first nine months of the year rose 4.3 percent to €11.82 billion — “their highest level in seven years” — but profits have declined sharply, due in large part to recent rearrangements of their portfolio of assets. “An impairment loss on RTL Group’s TV activities in Hungary, where the parliament passed a special tax on advertising in the summer, negatively impacted the 2014 figure,” the company explained. “There were also losses from the sale of the Be Printers’ Italian printing plants and the Club businesses in […]