In a brief trading update, Penguin Random House parent company Bertelsmann reported “satisfactory” results for the first quarter of 2020, saying sales “declined moderately by 2.7 percent to €4.1 billion.” Ceo Thomas Rabe said: “The 2020 business year, with the economic fallout from the coronavirus pandemic, will be a challenge. We started the year well, but have been feeling an increasing impact on our businesses since March. We took a number of measures early on to protect the health of our employees and safeguard our businesses,” including selling a €750 million Eurobond with an eight-year term, among the measures to […]
