The Bookseller.com

1st December 2008

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'Random makes Penguin look good'

20.03.08

The Times takes a look at Bertelsmann's 2007 results, and concludes that keeping it in the family is not working for the media conglomerate.

"Of its six divisions, four failed to register growth last year, so the overall improvement was a lousy 0.4%," writes the newspaper in a piece of media analysis. "Random House, the normally reliable book publisher, managed to make Pearson’s Penguin look good, as it blamed a downturn in the American economy for restrained book-buying, but Gruner + Jahr cannot make headway in magazines, even though it is trying to expand globally."

The Times

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