Short Profiles: The Prinovis Partners
arvato Bertelsmann and Gruner + Jahr AG & Co KG hold a share of 37.45 per cent each; Axel Springer AG's share is 25.1 per cent.
arvato
With more than 270 subsidiaries worldwide, arvato AG is one of the biggest internationally networked media and communication services
providers. In fiscal 2007, the group of companies that is part of Bertelsmann AG generated sales of € 4.917 bn. arvato’s worldwide subsidiaries employ more than 52,000 people. arvato AG comprises the divisions arvato print (rotogravure and offset printers in Europe and the United States), arvato services (financial services/data management, full-service CRM services, logistics/supply chain management and direct distribution of knowledge media), arvato digital services (e.g. replication, fulfillment, distribution/supply chain management, financial services and electronic content distribution) and arvato systems (international provider of qualified and customized IT services) as well as empolis, a leading provider of company-wide content and knowledge management solutions, and arvato mobile, a provider of digital entertainment content and interactive applications.
For further information on arvato, please visit www.arvato.de.
Axel Springer AG
Founded 1946, Axel Springer is Germany's largest newspaper publisher and one of the leading international media companies. The group is based in Berlin with head offices in Hamburg and Munich. The company’s core business of newspapers and magazines – as well as the circulation of media through digital distribution channels – is supported by state-of-the-art printing works and efficient marketing organizations..
For further information on Axel Springer, please visit www.axelspringer.de.
Gruner + Jahr AG & Co KG
With over 300 magazines and newspapers in twentyfour countries, more than 14,500 employees, and a turnover of around 2.86 billion Euro in the financial year 2006, Gruner + Jahr AG & Co KG is Europe's largest magazine publisher. The operating EBIT in 2006 was 277 million Euro. Bertelsmann AG owns 74.9% of Gruner + Jahr, while the remaining 25.1% is owned by the publisher family Jahr from Hamburg. The company is based in Hamburg. With a share of 57% of the overall turnover, Gruner + Jahr is one of the world's most international magazine publishing houses.
For further information on Gruner + Jahr, please visit www.guj.de.
The Prinovis Partners
from left: Dr. Mathias Döpfner, Chief Executive and Chairman of the Board of Directors, Axel Springer AG, as well as board member of the newspaper division; Hartmut Ostrowski, a member of the Bertelsmann AG Board of Directors and Chairman of the Board at arvato Bertelsmann when Prinovis was founded, he is now Chairman of the Board at Bertelsmann AG; Dr. Bernd Kundrun, board member of Bertelsmann AG and Chief Executive and Chairman of the Board of Directors, Gruner + Jahr AG & Co KG