Bertelsmann considering reducing RTL stake
BERLIN (AP) - German media group Bertelsmann says it is considering reducing its stake in its European television business, RTL Group, but will retain a majority share.
Bertelsmann currently holds 92.3 percent of the voting rights in RTL. It said in a statement Thursday that it's considering selling part of that stake and using the proceeds to finance "new strategic growth businesses."
The company said that it would keep a stake of about 75 percent. CEO Thomas Rabe said that "RTL Group is and will remain a successful core business."
Bertelsmann, which is privately-held, also owns book publisher Random House and magazine publisher Gruner + Jahr.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Arizona State football creates 'Honor Row' to recognize current and past military at home games
- High Octane Hour with Arizona State's Graham begins next week
- ASU unveils new uniforms; is it still cutting-edge when everybody's doing it?
- ASU linebacker Marcus Washington: 'I just love hitting people'
- Arizona State Sun Devils unveil alternate football uniform
- Jake Plummer- Former Cardinals and Sun Devils quarterback - Wednesday August 20Jake Plummer says Johnny Manziel is just passionate about the game of football.
- Craig Grialou- Arizona Sports reporter - Friday August 15Craig Grialou says the Chip Sarafin story isn't even talked about within the ASU Football team.
- Craig Grialou, AZ Sports Intrepid Sports Reporter - Friday August 15Craig gives us an update on ASU football training camp in Camp T.
- Jeff Van Raaphorst, ASU Rose Bowl winning quarterback - Thursday August 14Does ASU's offense have enough firepower to overcome it's defensive shortcomings?
- ASU Fork Report - Wednesday August 13ASU Fork Report featuring Greg McElroy!