Thomas Rabe

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Revolving Door Newsletter: 10.11.11
Bertelsmann AG Parts With CEO; St. Petersburg Chops Five And Maybe More

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Spotted around the media universe

Bertelsmann Acquires 100% Stake in Random House Mondadori - Posted November 5, 2012
Bertelsmann, the corporate parent of Random House, has purchased a 100 percent stake Random House Mondadori. Random House created the publishing house for Spain and Latin America in 2001, splitting the shares 50/50 with the Spanish publisher. Spanish antitrust ... [GalleyCat]

Random House & Penguin To Merge - Posted October 29, 2012
The major publishers Random House and Penguin have decided to join forces, creating a new entity called Penguin Random House. Random House worldwide CEO Markus Dohle will be CEO of the new group. Penguin CEO John Makinson will chair the board of directors. Bertelsmann ... [GalleyCat]

After Napster Payout, Bertelsmann Still Keen to Acquire - Posted September 5, 2007
Reuters reports that Berteslmann, Random House's parent company, said on Tuesday it was keen to target acquisitions in education publishing as it posted a first-half loss due largely to litigation costs. Bertelsmann Chief Financial Officer Thomas Rabe said the company should be in a position to make significant acquisitions from next... [GalleyCat]

Slight Q1 Loss for Bertelsmann - Posted May 15, 2007
Bertelsmann, the international media company and parent company of Random House, announced that the company continued its positive development in the first quarter of 2007. Adjusted for portfolio and foreign exchange effects, revenue rose by 1.7 percent year on year, to 4.4 billion euros. Reported revenue declined slightly though, since this... [GalleyCat]