RTL Deutschland Reorganizes Its Publishing Division

RTL Deutschland is reorganizing its publishing business, and selling the Gruner + Jahr brands “Brigitte,” “Gala” and “Eltern” to Funke Mediengruppe as part of the reorganization. The titles are synonymous with high-quality journalistic content and high brand recognition in the German media market. The brands’ approximately 300 employees will be taken over by Funke Mediengruppe with their existing employment contracts. The sale is subject to approval by the relevant antitrust authorities.

The move marks another step in RTL Deutschland’s systematic pursuit of its “Best Owner” philosophy. Funke is one of the leading publishing groups in the German-speaking territories, with a clear focus on print and publishing – an environment in which “Brigitte,” “Gala,” and “Eltern” can best continue their future development. At the same time, securing jobs long-term remains a key objective of the transaction.

The other journalistic brands from the Gruner + Jahr portfolio will be tied in even closer to RTL Deutschland’s content business: The brands “Geolino,” “Geolino mini,” and “Art” will in future be bundled into the Stern+ journalistic suite under the supervision of Gregor Peter Schmitz at RTL News, while the “Schöner Wohnen,” “Couch,” and “Häuser” brands will from now on be managed as part of the RTL Consumer Products division under the supervision of Thorsten Braun, with a view to further enhancing their strong growth in the furniture and furnishings sector.
more at: https://www.bertelsmann.com/news-and-media/news/rtl-deutschland-reorganizes-its-publishing-division.jsp?atn=2862170&abp=2862170,2862222,

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