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Europe Daily Bulletin No. 8461

14 May 2003
Contents Publication in full By article 36 / 46
ECONOMIC INTERPENETRATION / (eu) media

The German group Bertelsmann has sold BERTELSMANNSPRINGER (turnover of 731 million Euros in 2002, with a staff of 5,000), its "professional press" division, to private equity firms CANDOVER and CINVEN for 1.05 billion Euros. Active in 16 countries, BERTELSMANNSPRINGER publishes over 700 specialist magazine titles and over 4,000 books a year. CANDOVER and CINVEN will merge the company with KAP-KLUWER ACADEMIC PUBLISHERS, the publishing house they acquired in January for 600 million Euros....

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION