Bertelsmann CEO Says Brexit May Alter U.K. Presence

The transcript discusses the financial aspects of the Obamas' charitable trusts and the book publishing industry, highlighting the potential for growth in printed books. It covers the valuation and ownership stakes in publishing companies, emphasizing the benefits of operating as a private company. The impact of Brexit on business operations, particularly in the UK, is also explored, focusing on workforce and market access.

What trend is observed among children regarding book reading?

• Children are reading more digital books.

• Children are reading fewer books overall.

• Children prefer watching videos over reading.

• Children are reading more printed books.

What is the company's stance on increasing its shareholding in Penguin Random House?

• They are prepared to increase their shareholding if terms are favorable.

• They are not interested in increasing their shareholding.

• They have already increased their shareholding to 100%.

• They want to sell their current shareholding.

What is one advantage of being a private company mentioned in the transcript?

• More regulatory requirements.

• Higher taxes.

• Ability to make long-term investments.

• Increased public scrutiny.

How does the company view the UK market post-Brexit?

• They are uncertain about the future of the UK market.

• They believe the UK market is declining.

• They see the UK as a creative powerhouse and plan to invest further.

• They plan to exit the UK market.

What is essential for the company to maintain its business in the UK?

• Reducing the number of employees.

• Access to the global workforce and a favorable tax environment.

• Limiting access to international markets.

• Increasing the cost of doing business.