Bertelsmann AG

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Sony Bolsters Bet on Music Industry

Potential new deals behind $900M buyout of partner Bertelsmann

(Newser) - Sony will buy out Bertelsmann AG’s half-share of the Sony BMG music venture for $900 million, the Wall Street Journal reports—a significant bet in an industry that has seen little good news recently. Though sales of recorded music are down, Sony’s other ventures—its own consumer-electronics franchises,... More »

Random House Closes the Book on CEO

Peter Olson to step down under pressure from German owners

(Newser) - Random House chief executive Peter Olson is expected to step down within weeks amid slumping profits and pressure from the company's German owners, the Wall Street Journal reports. Bertelsmann's new boss is dissatisfied with Random House's recent performance and insiders say doubts arose over Olson's strategies and his ability to... More »

Wikipedia Goes to Print —in German

Publisher plans single volume of 50K most-searched entries

(Newser) - Wikipedia will soon hit bookshelves, the AP reports: German giant Bertelsmann AG is publishing a condensed print edition of the user-generated encyclopedia. The One-Volume Wikipedia Encyclopedia will contain 50,000 of the most-searched-for German entries this year—and it could be the first in an annual series. “A yearbook... More »

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