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Bertelsmann Subsidiaries
The Bertelsmann SE & Co. KGaA, commonly known as Bertelsmann (), is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is also active in the service sector and education. Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. After World War II, Bertelsmann, under the leadership of Reinhard Mohn, went from being a medium-sized enterprise to a major conglomerate, offering not only books but also television, radio, music, magazines and services. Its principal divisions include the RTL Group, Penguin Random House, BMG, Arvato, the Bertelsmann Marketing Services, the Bertelsmann Education Group and Bertelsmann Investments. Bertelsmann is an unlisted and capital market-oriented company, which remains primarily controlled by the Mohn family. History 1835–1933 The nucleus of the corporation is the ''C. Bertelsmann Verlag'', a publis ...
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Gütersloh
Gütersloh () is a town in North Rhine-Westphalia, Germany, in the region of Ostwestfalen-Lippe and the administrative region of Detmold (administrative region), Detmold. Gütersloh is the administrative centre for a Gütersloh (district), district of the same name and has a population of 100,194 people. Geography Gütersloh lies in the Emssandebene, south-west of the Teutoburg Forest and on the north-eastern edge of the Westphalian Basin and has no significant points of elevation. The town's lowest point is Above mean sea level, above sea level on the river Ems near the Princess Royal Barracks, Gütersloh, Princess Royal Barracks and the highest point is Above mean sea level, above sea level in the eastern township of Friedrichsdorf. The border to Rheda-Wiedenbrück extends as part of the Rhedaer Forest, a large wooded area with predominantly conifers. The river Dalke flows through the town from east to west, crossing close to the Stadtpark und Botanischer Garten G ...
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Broadcasting
Broadcasting is the data distribution, distribution of sound, audio audiovisual content to dispersed audiences via a electronic medium (communication), mass communications medium, typically one using the electromagnetic spectrum (radio waves), in a :wikt:one-to-many, one-to-many model. Broadcasting began with AM radio, which came into popular use around 1920 with the spread of vacuum tube radio transmitters and radio receiver, receivers. Before this, most implementations of electronic communication (early radio, telephone, and telegraph) were wikt:one-to-one, one-to-one, with the message intended for a single recipient. The term ''broadcasting'' evolved from its use as the agricultural method of sowing seeds in a field by casting them broadly about. It was later adopted for describing the widespread distribution of information by printed materials or by telegraph. Examples applying it to "one-to-many" radio transmissions of an individual station to multiple listeners appeared as ...
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Corporation
A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in Corporate law, law for certain purposes. Early incorporated entities were established by charter (i.e., by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers, registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue share capital, stock, or whether they are formed to make a profit (accounting), profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this articl ...
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Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ...
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Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Bertelsmann Stiftung
The Bertelsmann Stiftung is an independent Foundation (nonprofit), foundation under private law, based in Gütersloh, Germany. It was founded in 1977 by Reinhard Mohn as the result of social, corporate and fiscal considerations. The foundation states that it promotes "reform processes" and "the principles of entrepreneurial activity" to build a "future-oriented society". Since 1993, the Bertelsmann Stiftung has held the majority of capital shares in the Bertelsmann, Bertelsmann Group. It holds 80.9% together with the Reinhard Mohn Stiftung and the BVG Stiftung but has no voting rights. History Establishment of the foundation At the end of the 1970s, there were discussions concerning who would follow Reinhard Mohn as chairman of Bertelsmann. Against this background and because he believed that the state must be able to count on its citizens' willingness to assume responsibility and take the initiative, Mohn founded the Bertelsmann Stiftung on 8 February 1977. It was off ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Bertelsmann Printing Group
The Bertelsmann Printing Group is a German group of companies in the printing industry with headquarters in Gütersloh, North Rhine-Westphalia. It was established in 2016 and is the market leader in Europe among offset and gravure printing companies. The Bertelsmann Printing Group is one of eight divisions of Bertelsmann, the international media, service and education conglomerate. History In 2005, Bertelsmann and Axel Springer consolidated their gravure printing operations under the umbrella of Prinovis. Reasons for this included the industry-wide price decline and overcapacities. The Hamburg-based company was marked leader in Europe from the beginning. Bertelsmann indirectly owned 74.9 percent, with the subsidiaries Arvato and Gruner + Jahr each holding a 37.45 percent stake. Axel Springer owned the remaining 25.1 percent. In 2012, Prinovis became part of Be Printers, a newly-established division of Bertelsmann for the majority of the printing companies. This move was part ...
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Arvato
The Arvato Group is a global services company headquartered in Gütersloh, Germany. Its services include customer support, information technology, logistics, and finance. The history of Arvato goes back to the printing and industry services division of Bertelsmann; the current name was introduced in 1999. Today, Arvato is one of eight divisions of Bertelsmann, the media, services, and education group. In 2016, Arvato had about 68,463 employees and an overall turnover of 3.84 billion euros. History Early years of Arvato Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. In the following decades, the company grew steadily. After the Second World War, it developed from a mid-sized business to a large enterprise. To meet the demand from the book club ''Lesering'' and the record club ''Schallplattenring'', Bertelsmann massively expanded its warehouse and shipping capacities in the mid-1950s. In 1959, the ''Kommissionshaus Buch und Ton'' was established to ...
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BMG Rights Management
BMG Rights Management GmbH (also known simply as BMG) is an international music company based in Berlin, Germany. It combines the activities of a music publisher and a record label. BMG was formed in October 2008 after Bertelsmann sold its stake in Sony BMG to Sony. From 2009 to 2013, the investment firm KKR held 51% of the company, which became one of the world's largest music publishers during that time. BMG is 100% owned by Bertelsmann and one of the group's eight business divisions. History Music at Bertelsmann In the 1950s, Bertelsmann entered the music business when it added music to its book club. Ariola, a record label, was launched and Sonopress, a pressing plant, was established. In 1975, Ariola opened an office in the United States. Bertelsmann acquired Arista Records in 1979 and half ownership of RCA Records in 1985, thereby becoming one of the world's largest music companies. After the full acquisition of RCA Records in 1987, Bertelsmann's various subsidiari ...
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Penguin Random House
Penguin Random House Limited is a British-American multinational corporation, multinational conglomerate (company), conglomerate publishing company formed on July 1, 2013, with the merger of Penguin Books and Random House. Penguin Books was originally founded in 1935 and Random House was founded in 1927. It has more than 300 Publishing imprint, publishing imprints. Along with Simon & Schuster, Hachette Book Group, Hachette, HarperCollins and Macmillan Publishers, Penguin Random House is considered one of the "Big Five (publishers), Big Five" English-language publishers. On April 2, 2020, Bertelsmann announced the completion of its purchase of Penguin Random House, which had been announced in December 2019, by buying Pearson plc's 25% ownership of the company. With the purchase, Bertelsmann became the sole owner of Penguin Random House. Bertelsmann's German-language publishing group Verlagsgruppe Random House will be completely integrated into Penguin Random House, adding 45 imp ...
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