Bertelsmann reported full results for 2016 on Tuesday morning, with sales at the Penguin Random House division falling 9.6 percent to €3,361 million (in line with the 10.7 percent decline they reported after the first six months of the year). Operating EBITDA was €537 million, compared to €557 million a year ago. (From here forward, we will refer to the PRH reporting division, which includes the separate Random House Germany, as PRH+, and will use PRH for just the Penguin Random House joint venture.) At Penguin Random House on its own, sales were €3,059 million, down €335 million, or 9.9 […]
