Bertelsmann posts $1.2bn profit for 2013
BMG parent Bertelsmann posted a net profit of $1.2 billion in 2013.
The company - which also owns American Idol producer FremantleMedia, broadcaster RTL Group and book publisher Penguin Random House - saw revenues rise 2% to $22.6 billion over the year. The $1.2bn net profit figure represents a 42% increase.
Among a number of growth highlights over the year, Bertelsmann CEO Thomas Rabe said of its involvement in music with BMG, “The acquisition of full ownership of BMG has ...
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