RTL is centralizing its German publishing arm, as the European networks and media group continues to reshape its assets. More than 500 roles will be cut as the company aims to focus on “core brands” and bringing its publishing, TV and streaming businesses closer together.
RTL bosses say the reorg will result in €75M ($80.2M) of annual savings and €80M will be invested in digital transformation of its remaining publishing assets.
Publishing brands Stern, Geo, Capital and Stern Crime are being integrated into RTL News in Germany. This is due to “synergies with RTL Deutschland’s TV editorial teams” and comes after RTL Deutschland and publisher Gruner + Jahr merged in November last year.
Other publishing brands such as Brigette, Gala and Hauser will remain under RTL’s Gruner + Jahr Deutschland business and will “collaborate selectively” with RTL Deutschland’s TV and streaming businesses.
Read more on deadline.com
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