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Bertelsmann AG

Our Loss, Obama’s Gain

As President-elect Barack Obama begins to assemble tough, pragmatic problem-solvers for his team, he ought to consider Joel Klein. We cannot think of anyone more qualified to be secretary of education than New York’s schools chancellor. He has just the right mix of abrasiveness and charm to take on this important task. We’re hesitant to Read More

Thursday: Millions for Times Square, The Met, and Aspen; Not the Hamptons

The Prince has left the Aspen

  • For starry-eyed, semi-impoverished young New York creative types, a cheap Harlem "dorm" run by a utopian semi-landlord is the obvious housing solution. But does such a happy homeland for "the overeducated and underpaid" really exist? The Times' cover story omits an address, so maybe we'll never know. (The Read More

Big Boff at Frankfurt Hof

Every year, New York's publishing world issues a collective complaint about the zoo-like nature of the fall Frankfurt Book Fair, the feeding frenzy of foreign-rights directors, agents and publishers who come to this dreary German city to do face-to-face what they do by fax and e-mail throughout the year: buy and sell the rights to Read More

Big Boff at Frankfurt Hof

Every year, New York's publishing world issues a collective complaint about the zoo-like nature of the fall Frankfurt Book Fair, the feeding frenzy of foreign-rights directors, agents and publishers who come to this dreary German city to do face-to-face what they do by fax and e-mail throughout the year: buy and sell the rights to Read More

Random House Homeless! Office Space Vanishes!

If you were wondering what might send the world's third-largest media conglomerate into a swivet, look out the window: There's a 7 percent vacancy rate in midtown Manhattan, and Bertelsmann A.G., the $16.4 billion German-based behemoth, is feeling the strain. They may know how to partner up with everyone from venture capitalists to Web geeks Read More

Sonny Mehta, Uneasy King of Knopf

Ten weeks out of an intensive care unit, Sonny Mehta could be found in Bemel-mans Bar at the Carlyle Hotel, hunting for cashews in a silver bowl. He asked for a glass of Côtes du Rhône and popped a cashew. Mr. Mehta, the editor in chief and president of Alfred A. Knopf Inc., and president Read More

Federal Antitrust Official Has Some Nice Bertelsmann Birthday Cake

Judging by the turnout for his 46th-birthday party, Bertelsmann A.G.'s chief executive, Thomas Middelhoff, has successfully tunneled his way into America's media landscape. What a strange, brief trip it's been. Seven months ago, Mr. Middelhoff ascended to the top spot of the world's third-largest media conglomerate, a sprawling empire based in Gütersloh, Germany, that produces Read More

Bertelsmann’s Nazi Past Gets Ho-Hummed in U.S.

On Dec. 14, Peter Olson, Random House Inc.'s mild-mannered chairman

and chief executive, issued a memo addressed to "everyone" at the company, having to do with Random House's corporate parent, German media giant Bertelsmann A.G. "Over the weekend," Mr. Olson began, "published reports raised questions about Bertelsmann's publishing program in the 30's and 40's and the Read More

F.S.G. Rides Tom Wolfe Like a Rented Mule

When Tom Wolfe took the microphone in the McCormick Place Convention Center in Chicago on Friday, May 29, he looked a bit peaked. After all, he was having a very busy day. First, he had gone straight from O'Hare International Airport to a noon luncheon at the tony North Lake Shore Drive spread of prominent Read More

Our Ken Starr Cares About Books, Even If the Antitrust Guys Don’t

In the same week that S.I. Newhouse Jr. dumped Random House into Bertelsmann's maw, the news that someone in power cares a hoot about books was faintly heartening. Of course, the someone in question was Kenneth Starr, and the way the independent prosecutor cares about books is to conduct surveillance of them, specifically by subpoenaing Read More

So Why Did Newhouse Sell Random House to Bertelsmann Boys?

After four months of clandestine negotiations, Bertelsmann A.G., the German media giant, closed the deal to acquire Random House Inc., on the morning of March 23. By that evening, Bertelsmann's chief executive designate, Peter Olson, and a half-dozen of his colleagues were making themselves quite at home in another New York institution, the restaurant "21." Read More