Profile: Bertelsmann
Shane Smith, CEO at media group Vice, whose valuation has more than doubled to $4bn after its recent Walt Disney backing, told news provider Financial Times last month: “There is a revolution going on in media. It’s scary, and it’s fast, and it’s going to be ugly.”
Germany-based Bertelsmann, one of the world’s oldest and largest media, services and education groups with more than 117,000 employees and €17.1bn ($19.1bn) in revenue last year, has been preparing for this revolution.
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