Business News

Bertelsmann and Jahr Holding to Remain Joint Shareholders of Gruner + Jahr

Thursday 25. October 2012 - Bertelsmann remains focused on quality journalism

Digitization of content and brands to be further advanced
Over the course of their discussions on the future direction of Gruner + Jahr, Bertelsmann and the Jahr holding have arrived at a mutual agreement that they will continue to jointly develop Europe’s largest magazine publishing house going forward. The proportion of shares in the Gruner + Jahr AG & Co KG will remain unchanged.
Thomas Rabe, Bertelsmann’s CEO, said: “Bertelsmann will continue its over 40 years of successful cooperation with the Jahr family. We will expand G+J’s strong position in the media business, promote the digitization of its content and brands, and provide the necessary resources. Bertelsmann remains committed to quality journalism as a core business.”
Winfried Steeger, Managing Director of Jahr Holding GmbH & Co. KG, says: “In our intensive and constructive talks with Bertelsmann, we came to the conclusion that the challenges ahead for G+J can best be mastered together. Both partners have known the publishing house for a long time, trust each other, and will lead G+J into a good and successful future.”