Michelle Obama's memoir pays off for a German media giant [MSN Money]
Pearson, Plc (PSO)
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Source: MSN Money
Michelle Obama’s Memoir Pays Off for a German Media Giant Former First Lady Michelle Obama’s bt-selling memoir helped boost revue last year at German media giant Bertelsmann SE to the hight in more than a decade. Bertelsmann’s Pguin Random House sold nearly 0 million copi of “Becoming,” the account of Obama’s journey from Chicago’s South Side to the White House. That helped lift Bertelsmann’s total sal to 7.7 billion euros ($0 billion), the hight since 007. “We believe this could become the most succsful memoir ever,” Bertelsmann Chief Executive Officer Thomas Rabe told reporters Tuday in Berlin. © Getty Imag The book’s strong sal are a boon for Rabe’s strategy to bet big on publishing after Bertelsmann bought a perct share in Pguin Random House from Pearson Plc for about $ billion in 07, raising its stake to 75 perct. Load Error Pguin Random House in 07 agreed “Becoming” continu to sell well and could become a “modern classic” that provid continuous revue every year, the publisher’s
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