Bertelsmann reported full year 2017 results on Tuesday morning in Germany, with sales at Penguin Random House just below flat, at €3.359 billion (down €2 million from 2016). Operating EBITDA for the publisher fell 2.9 percent to €521 million (down €16 million), “particularly as a result of negative exchange rate effects.” (Per our style, 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 PRH on its own, sales were €3.075 billion, up €16 million from a year ago, reflecting the […]