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Spread Your Wings and Fly, Penguin

Germany’s Bertelsmann is poised to invest more in publishing as Pearson bows out | “The book market is in much better shape than people predicted five years ago”

Remember books—you know, those things printed in ink on paper? They’ve been killed by the advent of e-readers such as the Amazon Kindle, right? Nope. Sales of physical books have risen for the past three years in the U.S., and Thomas Rabe sees big profits in selling them. Publishing “is and will remain one of our strategic core businesses,” says the chief executive officer of Bertelsmann, a German conglomerate founded in 1835 as a printer of church hymns that today employs 117,000 in TV, magazines, education, and more.

Rabe is poised to

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