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Revolving Door Newsletter: 06.03.08

Borders Slashes 274 Jobs

June 3, 2008
One of the running jokes on 30 Rock -- that the cast's corporate masters believed the television network and the microwave appliance divisions weren't all that different -- now applies to Bertelsmann in real life. Following the appointment of new Random House chief Markus Dohle, the company intends to dump its North American book clubs on the highest bidder, and its stake in Sony BMG may be next. More alarming is Dohle's ardor for Bertelsmann's nuts-and-bolts operations -- call centers for Lufthansa and billing for Google -- that deliver better and steadier profits than publishing ever could. What does ...

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