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Bertelsmann AG
(redirected from Bertelsmann)

   Also found in: Wikipedia 0.02 sec.

Bertelsmann AG

German media company. Beginning as a religious printer and publisher in 1835, the company grew steadily over the next century. Though virtually destroyed by Allied bombing in 1945, it recovered quickly after World War II. By 1998 Bertelsmann AG had grown to include more than 300 media companies, with more than half its employees in countries other than Germany. Its worldwide acquisitions have included the U.S. publishers Bantam Doubleday Dell and Random House. By the early 21st century the company was among the world's largest media conglomerates.



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Bertelsmann has terminated a lease for 250,000 s/f at 1540 Broadway, freeing a large block of vacancy that, given the strength of the midtown office market and its fierce demand for big contiguous blocks, could provide the building's landlord, Equity Office Properties, with an opportunity to fetch far higher rents for the space.
8th, Chatsworth-based Image signed a five-year home video distribution deal with Bertelsmann Music Information Services, a unit of Bertelsmann AG.
Rolf Schmidt-Holtz, 52, was named president and chief executive of Hamburg/New York, NY-based BMG Entertainment, a division of Bertelsmann AG, which is a diversified media and entertainment company with DM 32.
 
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