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Media giant Bertelsmann posts sharp drop in profit
AFP, March, 2008
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FRANKFURT (AFP) — Bertelsmann, the fifth largest media group in the world and owner of broadcaster RTL, said Tuesday that profit fell sharply last year due to charges linked to problems with its book and DVD sales unit Direct Group.
Net profit at Bertelsmann, which is active in radio and television, publishing and music, fell to 405 million euros (640 million dollars) from 2.46 billion dollars, a statement said.
The results were hit by a ...
