German media giant Bertelsmann’s purchase of Simon & Schuster would reduce the so-called Big Five of American publishing to four. The deal, expected to close in 2021, requires approval from the US Justice Department. No U.S. publisher in modern times would approach the power of the new company.
BERLIN (AP) — German media group Bertelsmann says it is considering reducing its stake in its European television business, RTL Group, but will retain a majority share. Bertelsmann currently holds 92.3 percent of the voting rights in RTL. It said in a statement Thursday that it’s considering selling part of that stake and using the […]