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February 28, 2003 | Chuck Philips
Bertelsmann's music chief, Rolf Schmidt-Holtz, told employees that he would not step down to run the German conglomerate's RTL Group broadcast unit, despite media reports about a possible move. In a memo, Schmidt-Holtz also said speculation about a takeover or sale of the music division was "completely unfounded." He said BMG's parent had pledged its commitment to music as a core business, but he warned that the division needed a new business model to combat piracy and plunging sales.
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BUSINESS
February 28, 2003 | Chuck Philips
Bertelsmann's music chief, Rolf Schmidt-Holtz, told employees that he would not step down to run the German conglomerate's RTL Group broadcast unit, despite media reports about a possible move. In a memo, Schmidt-Holtz also said speculation about a takeover or sale of the music division was "completely unfounded." He said BMG's parent had pledged its commitment to music as a core business, but he warned that the division needed a new business model to combat piracy and plunging sales.
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BUSINESS
December 9, 1994 | LOUISE McELVOGUE, SPECIAL TO THE TIMES
As managing director of RTL, Germany's leading commercial broadcast company, Helmut Thoma has always gone his own way. He's a compatriot of Arnold Schwarzenegger and is the person responsible for introducing David Hasselhoff and the "Baywatch" phenomenon to Europe. Now Thoma is bucking the tide again by wooing Hollywood in a major way, just as most of his European colleagues are piling up the sandbags in a bid to turn back the American cultural invasion.
BUSINESS
December 25, 2001 | Associated Press
German publishing and entertainment conglomerate Bertelsmann is consolidating control of a key broadcast subsidiary, agreeing to buy a 22% stake in RTL from Britain's Pearson Group for $1.35 billion. The purchase would raise Bertelsmann's stake in RTL to 89% from 67%. Bertelsmann said it will seek to buy the remaining 11% of the shares, making RTL a wholly owned subsidiary. Pearson, which owns newspaper Financial Times and book publisher Penguin, agreed to sell its 34 million shares for $39.
BUSINESS
December 25, 2001 | Associated Press
German publishing and entertainment conglomerate Bertelsmann is consolidating control of a key broadcast subsidiary, agreeing to buy a 22% stake in RTL from Britain's Pearson Group for $1.35 billion. The purchase would raise Bertelsmann's stake in RTL to 89% from 67%. Bertelsmann said it will seek to buy the remaining 11% of the shares, making RTL a wholly owned subsidiary. Pearson, which owns newspaper Financial Times and book publisher Penguin, agreed to sell its 34 million shares for $39.
BUSINESS
December 9, 1994 | LOUISE McELVOGUE, SPECIAL TO THE TIMES
As managing director of RTL, Germany's leading commercial broadcast company, Helmut Thoma has always gone his own way. He's a compatriot of Arnold Schwarzenegger and is the person responsible for introducing David Hasselhoff and the "Baywatch" phenomenon to Europe. Now Thoma is bucking the tide again by wooing Hollywood in a major way, just as most of his European colleagues are piling up the sandbags in a bid to turn back the American cultural invasion.
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