By Gerrit Wiesmann in Frankfurt, Ben Fenton in London and Andrew Edgecliffe-Johnson in New York
Published: August 28 2008 20:21 | Last updated: August 29 2008 12:35
Bertelsmann, Europe’s largest media group, suggested it could sell 15 per cent of RTL, the TV group, to finance a large acquisition, possibly the UK’s ITV.
The move suggests Hartmut Ostrowski, chief executive, has completed the portfolio pruning of his first eight months at the helm – which included the sale of a half share in Sony BMG to Sony – and is preparing a step change.
Expansion plans: Hartmut Ostrowski, Bertelsmann’s chief executive, says he feels under ‘no pressure’ to make a big move soon
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