Bertelsmann to sell slumping global book clubs: report

FRANKFURT (AFP) — Bertelsmann wants to sell its global book clubs because falling sales have convinced the German media group it is time to turn the page on its historic activity, a press report said on Tuesday.

A sale could be quick and complete, according to the Financial Times Deutschland, which cited unnamed sources at Bertelsmann.

In March, the company's new boss, Hartmut Ostrowski, said that the division that includes book clubs would "be restructured by mid 2009." ...