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Bertelsmann denies book club plan
Bertelsmann has not yet made a decision on whether to sell its Direct Group book club business in Europe, a spokesman for the company has told Forbes, denying earlier reports.
Sueddeutsche Zeitung earlier claimed the German publishing giant wants to sell its book club business entirely. But the spokesman said the company has only started the process of divesting Columbia House and Bookspan, its US clubs.
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