European media conglomerate Bertelsmann AG's publishing arm
Gruner + Jahr opened is expanding its news corporate in New
Delhi to cater the needs of recently acquired companies, MaXposure
Media Group and Networkplay.
entered India in 2008 through the launch of Geo magazine through
a license contract and has since then been strategically advancing
to build a strong portfolio of print and digital media activities.
As part of the expansion strategy in India, the company also
acquired majority stakes in digital ad network Networkplay
and magazine publisher Maxposure.
+ Jahr International executive board member and president
Torsten-Jörn Klein said, "The opening of Gruner+Jahr's
new office is an important step in streamlining our operations
and building a strong platform in India. Looking at attractive
market growth rates and having gathered the two fast growing
companies of their respective industry, emphasizes G+J's &
Bertelsmann long term commitment to India and strong belief
in the growth of the media industry."
new office will provide employees of both Maxposure and Networkplay
the opportunities of closer interaction and support on personnel
and business level and motivate them to jointly achieve greater
heights in their respective industry.
+ Jahr has over 300 magazines and 150 websites in more than
30 countries. In fiscal year 2011, the company generated revenues
of euro 2.3 billion and employed around 11,800 people worldwide.
74.9 percent of Gruner + Jahr is owned by Bertelsmann AG,
25.1 percent by the Hamburg publishing family Jahr.