Germany covid-19 2020 pandemic Coronavirus Germany

German Media Giant Bertelsmann Boosts Profit Despite COVID-19

Reading now: 813
www.hollywoodreporter.com

German media giant Bertlesmann had a surprisingly good year. Despite the coronavirus pandemic, Bertelsmann, which controls leading European commercial TV broadcaster RTL Group, production giant Fremantle, music label BMG, and book publisher Penguin Random House, boosted its annual profit by 34 percent to $1.77 billion (€1.5 billion) last year, the highest level since 2006, with operating (EBITDA) profit hitting a new high of $3.65 billion (€3.1 billion).

Overall revenue slipped to $20.37 billion (€17.29 billion) from $21.2 billion (€18 billion) a year earlier, with the company's advertising-financed businesses particularly hard hit.

Read more on hollywoodreporter.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA