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Sunday, November 10, 2002
Bertelsmann to Close Internet Retailer
Bertelsmann to close German Internet book retailer. CW360.com Oct 23 2002 5:41AM ETGerman media giant Bertelsmann will fold its Internet book club BOL at the end of the year after failing to find a potential buyer, company spokesman Gerd Koslowski said yesterday.
BOL had once hoped to compete with Amazon.com, the leading online retailer for media products in the US and Europe. But while Amazon has gone on to post annual sales of more than €3bn (£1.9bn) and profits, BOL has struggled to top revenue of more than €100m. [...] [Moreover - Book publishing news]
Book Biz is Still Good
Despite the generally torpid economy here and in Europe, the book publishing business is good if you know what you're doing.
'Fabulous' numbers at HarperCollins. Publishing News Nov 9 2002 4:34PM ETAS NEWS CORPORATION reported its first quarter results this week, Victoria Barnsley, UK CEO of HarperCollins told PN that UK book publishing profits were up by 39% driven by a sales increase of 9%. [...] [Moreover - Book publishing news]
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This Page was last updated: 11/28/2002; 6:16:10 PM
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