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Home > Company Index > Media > Publishing - Periodicals > Gruner + Jahr AG & Co.

Gruner + Jahr AG & Co.
 NEWS FROM THE STANDARD
Time Has Come for Business 2.0
Jun 07 2001 03:22 PM PDT

Red Herring Lays Off 20% of Staff
May 17 2001 04:38 PM PDT

Time Close to Scooping Up Business 2.0
Apr 09 2001 06:49 PM PDT

 PROFILE
This family of magazines almost circles the globe. Gruner + Jahr (G+J) publishes more than 80 magazines in Europe and the US, including "Stern, Brigitte," and "Family Circle." It also publishes 10 European newspapers, including "Financial Times Deutschland" and "Berliner Zeitung." In addition, it offers commercial printing and corporate multimedia development services. Nearly 60% of the company's sales come from outside Germany; it is beefing up its US magazine portfolio through acquisitions, including "Inc." and "Fast Company" in 2000. G+J is the international newspaper and magazine arm of German media giant Bertelsmann, which owns a 75% stake. The founding Jahr family owns 25% of the company.

 COMPETITION
Axel Springer Verlag AG (SPR)
The Hearst Corporation (dossier)
Time Inc. (dossier)

 DEALS
Deal: Gruner + Jahr Buys Fast Company
Date Announced: 12.19.00
Value of transaction (US $Mil): 300
Description: Bertelsmann subsidiary buys Internet Economy magazine for $300 million.

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 2,794.30
1-Yr. Sales Growth: (2.0)%
Employees: 12,130
Revenue per employee: $230,362.74

 KEY PEOPLE
• Bernd Kundrun
    CEO
• Holger Stoelten
    CFO

 CONTACT INFO
Druck- und Verlagshaus
20459 Hamburg, Germany
Phone: 49-40-37-03-0
Fax: 49-40-37-03-60-00
Online: Web Site

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