Bertelsmann, Mondadori to form 2 book ventures

Article Abstract:

Bertellsmann AG and Mondadori SpA created a new venture firm called Mondo Libri, which will classify Bertellsmann and Mondadori's Italian book clubs, Club degli Editori and Euroclub SpA, respectively. Mondo Libri, which will start its operations at the onset of 1999, is expected to have around 200 billion lire of sales and two million subscribers. The establishment of the joint venture is part of Bertellsmann's effort to come up with a network of alliances in Asia and Europe to exploit the opportunities offered by the online book sales market. Bertellsmann and Mondadori also reached a preliminary deal for another joint venture to sell books over the Internet.

Comment:

Along w/ Mondadori, creates venture co called Mondo Libri, which will cllasify Italian book clubs Club degli Editori & Euroclub

Italy, Joint ventures, Article, Mondo Libri, Mondadori SpA

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Bertelsmann plans to dismantle unit headed by Schmidt

Article Abstract:

Bertelsmann AG is dismantling its e-commerce unit in the wake of the resignation of chief executive, Andreas Schmidt. The firm's DirectGroup will assume direct oversight of the businesses.

Management, Abstract

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AOL Time Warner takes book unit off the market

Article Abstract:

Warner Books and Little, Brown and Co. are no longer being put up for sale by AOL Time Warner Inc. AOL said that bids for both divisions were too low.

United States, Strategy & planning, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Planning, AOL Time Warner Inc., Company business planning, Subsidiaries, divisions and units, Little, Brown and Company Inc., Grand Central Publishing

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