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Untitled Document

The Bertelsmann board is made up of incompitent idiots

Published: Thursday, January 03, 2008

-YOSH

Is German media giant Bertelsmann AG (Bertie) full of shit when it comes to their public image of being on the ball? Do they know what their next move will be in order to reap the benefits of the current media environment? According to an anonymous commenter, Bertie is clueless.
This is a company that is now over their head. Many of their more profitable operations are old and at the brink. They desperatley need to find new winners.(Un)fortunately they are a bunch of morons who do not know where to turn next. They are looking for losers to buy their crap. They speak highly of themselves, but at the same time are looking to sell. They think there is a greater fool out there.Music is a loser for them as you note. They don't know where to go. Market forces are pushing them in a direction that they can't control. This is new to them.If they want to expand in TV via RTL, good luck. I think they are smarter than that. Or are they? The current board lineup don't know what to do.Look for them to buy other properties. However, unlike Bertelsmann of old, they are mired in debt.

And they stopped Thomas Midelhoff from taking Bertie to the next level. Awww the days of the old Bertie.

Labels: BERTELSMANN, Commenters, THOMAS_MIDELHOFF

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