Inside the Australian and New Zealand book industry

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Bertelsmann explores sale of book club unit

The media group Bertelsmann, parent company of Random House Australia, is exploring the sale of its book club unit, Direct Group. Chief Executive Hartmut Ostrowski said that ‘every strategic option' would be examined for the unit, which has clubs in 23 countries (including Doubleday in Australia) and generates about 13% of...

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Category: Local news