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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.

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Thursday May 23: Real Talk about Life after Publication

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! Find out what life is like once you've landed that dream book contract in a free web chat with young-adult authors Elizabeth Norris (Unraveling and Unbreakable) and Brodi Ashton (Everneath and Everbound) — plus special guest Kristin Rens, editor at HarperCollins imprint Balzer + Bray. Thursday, May 23 at 7:00 p.m. ET. on Figment.com.