Bertelsmann to Restructure Direct Group Unit
Reuters reports that Bertelsmann (parent company of Random House) plans to carve up its Direct-Group unit. Bertelsmann bosses will discuss the new structure of the division, which includes the group’s book club businesses and generates annual sales of some 2.7 billion euros ($3.7 billion), at a meeting on Wednesday, followed by a meeting by the supervisory board on Friday. Bertelsmann plans to present a new strategy for the whole company in mid-December, when the group’s top managers will gather for a two-day meeting in Berlin. Direct-Group unit head Ewald Walgenbach said last week he will leave the conglomerate by the end of the year to join private equity firm BC Partners.

These days, writers aren’t just writers: They’re social-media mavens, seasoned public speakers, and one-person publicity machines. And they still have to find time to write their books! 




GalleyCat Twitter feed loading...