Media conglomerate Bertelsmann's 1Q loss narrows to $4.6M
Thu May 8, 6:22 AM ET
The Guetersloh-based company lost 3 million ($4.6 million) in the January-March period, compared with a wider loss of 117 million a year earlier.
Its sales dipped slightly to 4.2 billion ($6.5 billion) in the quarter, compared with nearly 4.4 billion a year earlier.
Besides Random House, privately held Bertelsmann's interests include music business BMG, which comprises its 50 percent holding in the Sony BMG Music Entertainment joint venture, and radio and television — including broadcaster RTL, magazines and media services.
Though Bertelsmann is headquartered in Guetersloh, most of its 97,000 employees are scattered over its divisions. The company is controlled by the Mohn family, directly and through a foundation.
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