Feeds

Bertelsmann to ‘pull Napster plug’

Seeks buyers for online book ops

  • alert
  • submit to reddit

Application security programs and practises

German media giant Bertelsmann could be ending its love affair with the Internet following reports that it is looking to sell its online book business and cease the funding of Napster.

They say Bertelsmann is in talks with Amazon concerning the sale of etailer BOL.com, set up originally to rival Amazon.

However, Bertelsmann is also understood to be holding discussions with other potential buyers for the online book/CD/games etailer.

It's also understood to be looking to flog its Barnesandnoble.com operation, although AFX newswire quotes an unnamed source who reckons this isn't high on Bertelsmann's list of priorities.

Elsewhere, according to the FT, Bertelsmann is also getting ready to pull the plug on P2P music distribution site, Napster which it bailed out back in May.

If the flurry of reports over the weekend prove correct then this will be a stunning strategic turnaround for Bertelsmann.

At the end of July it was confirmed that Thomas Middelhoff, Chairman and CEO of Bertelsmann, and widely regarded as being the driving force behind the firm's relationship with the Net, would leave the company.

The company blamed his departure on "differences of opinion" concerning the future strategy of Bertelsmann.

Last month The Registerreported that BOL.com's UK operation would cease to be an etailer and, instead, become an online book club.

It's not known if this move will be hit by Bertelsmann's change of strategy. ®

Related Stories

BOL UK to become online book club
Bertelsmann saves Napster

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.