With annual revenues of more than $15 billion and operations in over 50 countries, Bertelsmann is one the world s leading media companies. The company has presence in various business areas, including television, radio, and book, magazine and newspaper publishing. It maintains core operations in western Europe and the United States. The company s division, RTL Group, is one of the leading entertainment networks in Europe with interests in nearly 45 television channels and more than 30 radio stations. Bertelsmann s Random House division is one of the world s largest trade book publishing groups. The company s other divisions include Gruner + Jahr, Direct Group and Arvato.