Bertelsmann’s magazine division Gruner + Jahr — which they sold to Bertelsmann-controlled TV division RTL in 2021 — will retrench significantly, RTL Deutschland announced Tuesday. The company plans to close or sell 23 publications “against the background of the rapidly changing media landscape and the challenging macroeconomic situation” and focus on their core brands. Approximately 500 jobs will be eliminated at the Hamburg, Germany offices over the next few years, and they expect another 200 jobs to be transferred to new owners, from a total workforce of about 1900 people. “Costs will be reduced in all areas, especially in the […]
