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^ 'y W"MJ/ ^'ISS^ For Everyone in the Business of Music 14 SEPTEMBER 1996 £3.25 THIS WEEK Storm over TOTPmove move Top Of The Pops to a new slot in 23 Dîna; diva limelightback in the 24 Dando; theof celebrity strains 35 Dooley; is to c<Jl for a meeting with TOTP pro-^ S=TSthrough ^ a long-overdue resurgence; thehigh seaside jinks by half ofwhich is Collen moves up as new Chrysalis boss Four-yeartenureends asCokell leavesMCA m IE NEW SINGLE SACINCH îts performing1 well for €.EASED 23.09.96 e Livin Joy, Woezer CD.MC.7" 7LONGPIGSNITH MANSUN IN OCTOBERIN S ^ BEECHER AND DUDGEON DECIDE TO LEAVE CASTLE - p3 ► after one world tour, 2 million singles and 1/2 million albums, Babylon Zoo return to the UK with... emmSn the boy with the x-ray eyes out september 23th • 2 part cd • 12" on the mix: goldie & arthur baker available for the first time on cd 'spaceman' zupervarian mix 1 The Boy with the X-Ray Eyes 2 The- Armageddon Boy with the Babylon X-Ray MixEyes 3 The Boy- X-Raledwith the mixX-Ray Eyes Babylon Zoo live - London Astoria 26th September la NEWSDESK: 0171 921 59 :^L NEWSFILE GoodwinquitsHMV BeecherandDudgeon HMV marketing manager Paul Goodwin is leaving to Goodwin,become a whoconsultant has headed after 18the months department with the since retailer. the February,departure leavesof marketing this week. director He has David overseen Terrill inthe décidé to leave Castle introduction of new buying and ad agencies and the willlaunch step of upthe its retailer's search formarketing a marketing review. director HMV says it Tiinnif^'W following Goodwin's departure. whoiesalerNov 1983: Terry Castle. Shand forms record Midem makes concession to UK executives, are leaving the Company join1984: the don company. Beecher and Dougie Dudgeon The Reed Midem Organisation has scrapped its rules afterThe more pair's than décision 12 years. to leave cornes Sept 1994: US whoiesaler Alliance restricting British companies from attending the just weeks after Castle's parent US Entertainment acqulres Castle. conventionBritish At Midem for more stand. than The three décision years aswill part allow of the announced it was merging with Los Augdune 1996; 1995: Alliance Alliance announcesn sets up Castle US. been friends for a long time an companies who have used the stand in its first three Angeles record label Red Ant, founded AITeller's.RedSept 1996: Beecher Ant and Dudgeon resign. years to continue at next January's event byresulted former in MCA Teller ceo becoming Al Teller. chief The execu- move Wilkinson wins WH Smith position tiveCastle of the chairmannew group. Terry Shand says workingunclear, butclosely it is with understood Dudgeon he onwiU new bc WH Smith Retail has appointed Brent Wilkinson as the themanaging end ofDecember, director Beecher while spécial wiil leave opér- at ofprojects, a UK recordpossibly label including and joint the ventun launcl Kingfishercompany's Group,new commercial where he was director. group He director.of joins from retail - nextations mon director th. Both Dudgeon worked with will Shand départ at dealsBeecher with Castlesays thein the split US. is amicabh Oneimport Records and distribution before the launch company of Castle Stage theirand that future the since pair hadAllian bi consideringtakeover of Bruceportfolio Dickinson,which includes Halloween The Almighty, and Roses renounce rumours in 1983, future plans withCastle Ci in 1994.m "We the hat st eut,en involved when it andMarillion, budget plus labels. a number of mid-price issuedPR company statemenfs Hall Or denying Nothing reports and Stone they Roseshave parted have companyReading Festival after the performance. bad press surrounding Bass player the Mani band's also Aristapairintalks déniés suggestions in /VMFthat he has left the band. Watson takes new Rondor rôle overtheirfuture Music/AImoDeondra Watson Sounds' has firstbeen creative appointed représentative as Rondor for rand more Chris than Hill two ar and-a-haJf yc with Ireland. Dublin-based Watson, who was formerly The pair took control of new imprint GHQ at the willcreative retain manager her responsibilities of Freddy Bienstock's as manager Carlin of Paddy Music, beginningHcsponding of the to year, spéculation two years about after joiningArista. their future, a m Ounning's Temple Lane Recording Studios. BMGgating spokeswoman amicably how says, to résolve "GHQ artisticand Arista différences." are investi- Adams joins Ally Pally bill andThe HilTs discussions departure are from expected the company, to resuit wherein Grainge they Bryan Adams, Metallica and the Fugees are among the were joint heads of A&R for more than a year before firstMusic performers Awards, whichto be confirmed take place for at the Alexandra MTV Europe Palace, theGraham departure in Mardi of 1995.former managing director Diana London, on November 14. industry'sThe duo, strongest who turned A&R Ensignsources into in the one late of Eighties the UK and early Nineties, joined Arista in January 1994, sign- ILR'sPepsi Network peps Chart up Showchart has backing exlended its jointing Infiniti, yenture The with Elvis Sugar Virus Records. and Ezio Sources and instigated suggest the a sponsorship deal with Pepsi with the signing of a f2.7m future of Ezio; Grainge and Hill are understood to be Spice Girls turned up at Andy's Records in Cambridge to mark the sale Pepsideal which Chart. sees the rundown's name changed to The keenArista to take managing the duo directorwith them Martin if they Heath, leave. who took ol the millionth copy of their number onesingleWannabeaweekago. charge of the label in May, is constructing a new A&R Thewho luckyis pictured buyer withof single the Virgin-signed 1m was cight-year-old live-piece, Martha Andy's Burrough, marketing Wood clinches CRCA award pluggingstructure into around BMG's a "hub" licensing concept; and adistribution sériés of small systera. labels director Billy Gray and Cambridge store manager Richard Morland. neweomerBRMB présenter of the Hollyyear in Wood the Commercial was named Radioprésentation Heath, Grainge and Hill were ail unavailable for SpiceOctober, Girls' followed follow-up, by their Say début You'M album Be There, Spi i Companies Association awards at the Commercial London.Radio Conférence Other winners al the included Royal Lancaster Lorna Clarke Hôtel of in Kiss / Oasis make presence felt at MTV awards 100 FM (commercial radio programmer of the year). at_ lisWcduesday's fulfilled thi MTV Video "o 'play ' theamazement matter withat the everyone UK coverage. in Britr "What's ' "" ;heir'MTV act istogether very pleased and thatappeared," Oasis gothe Virgin banksonbooks Awards in New York with a asks UK-bom Griffiths. "Oasis tum tays. "Everyone who knows Oasis Virginwith the Our ambition Price is of to becoming expand ifs one book of thesales book business didmance not whichoffend dividedthe US média.the audien peoplea great showtalking and, about yes, therethem are at a ;xpects tdsome this kind was ofdefinitely colourful abehav- very industry's Top 10 outlets by 1999. It hopes to have at New York's Radioicipation City Music Hall, moment, Kevin soZimmerman, it can only help. US_ _ us." edito. rock'n'iThet te to play Bosto departments in ail stores by the end of May 1997. looks likely to ensure that Oasis's MTV A/Ws sister magazine MBI, says the US Friday night before Now! that's what ) call triple platinum Unplugged - tapedm Gallagherin London - will UK média. "A lot of people wr : put olï; NewThe York's only Jones British Beach. artist to £ Now That's What I Call Music! 34 has been icised Gallagher's ship,"but mainly he says. by "There his tack ofa fewshor people FastLove scoopedGeorge the Michael, MTV Europe iî i» » certifîed triple platinum by the BPI. Other sales ■mance which cul- booing as they went oit, ut it has not Viewers' Choice Award. Bjork's It's Oh Fugees'Theawards last weekScore went(platinum), to: The Pet Smutf Shop s Go Boys' Pop Bilingual and prefaced the performance of beenMTV covered Networks by the in près Ne Yorklere." has yet wonSo Quiet the award promo, for directed best choreography. by Spike Jonze, and Suede's Corning Up (gold) and the Pure Dance '96 remark,Champagne "You knowSupernova you're havingwith a shitthe toUnplugged make ascreening final dec il the US, but Smashing Pumpkins who compilation (silver). time, but you're ail too scared to say it." David Massey, Epie inte ational A&R prizes, six of them for the .dotmusic Richard Griffiths, président of their vice président, says it likely to be TonightDayton and Tonight, Valérie directed Faris. b US record company Epie, expresses shown in November. From MusicThe latest Week. industry Updated news Mondays On The at Net. 18.00 GMT. II > ^ ^ U2 AND BARL0W ALBUMS PUT BACK T0 NEW YEAR - p5 ► ► ► ^ httpî//www.dotmusic.com MUSIC WEEK SEPTEMBER141995 3 COMMENT So,CD a prices:Monopolies here and Mergerswe go Commissionagain CIN to sign Sainsbury's Associationcampaign against bas decided 'high' CD to reviveprices. ils Yet destructive again it trots out theplanet old areargument these people that CDs on? are The cheaper reality inis thethat US. UK What prices for officiai charls panel columnare slill poinledamong the out lowest the other in Europe,week - thatso low bargain - as this basement UK product is destabilising the market in CIN has approved four Epos Systems - the.. -Theindependent systemswe retailers have asapproved the multiples are tend The industryother European should not terrifories. allow itself to be held to ransom threeAdvanced years Retail ago, theConcept, ICL system, developed RMS byand CIN the by the Consumers' Association. MusicintheUKistoo ismajority becoming of sales very now difficult coming for any through chart Epos, hypmg it cheap and we should say so. collection. to Epostake Systemsplace." can also help ensure Europe must stamp out bootlegs expected to join the panel at througbmore Epos, than CIN 75% charts of sales director now Catharine coming information supplied is accurate by makmg Good news for ail those disappointed that Liam did not tests with CIN.
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  • Annual Report 2003 Annual Report 2003 Bertelsmann Bertelsmann Financial Highlights in € Millions

    Annual Report 2003 Annual Report 2003 Bertelsmann Bertelsmann Financial Highlights in € Millions

    Bertelsmann Annual Report 2003 Annual Report2003 Bertelsmann Financial Highlights in € millions IFRS IFRS IFRS IFRS IFRS Pro forma 7/1/2001 2000/ 2003 2002 2001 –12/31/2001 2001 Business Development Revenues 16,801 18,312 18,979 9,685 16,748 Operating EBITA 1,123 936 573 164 826 Net income before minority interests 208 968 1,378 931 987 Cash Flow 1,373 1,115 294 127 160 Investments 761 5,263 2,639 1,067 2,744 Total assets 20,164 22,188 23,734 23,734 17,245 Personnel costs 4,151 4,554 4,812 2,343 4,319 Employees (in absolute numbers) Germany 27,064 31,712 31,870 31,870 30,732 Other countries 46,157 48,920 48,426 48,426 43,816 Total 73,221 80,632 80,296 80,296 74,548 Equity Subscribed capital 1) 606 606 606 606 463 Retained earnings 6,060 6,079 5,697 5,697 3,222 Minority interests 965 1,059 2,081 2,081 792 Equity 7,631 7,744 8,384 8,384 4,477 As percentage of total assets 38 35 35 35 26 Net financial debt 820 2,741 859 859 2,298 Debt payback factor 2) 0.6 2.5 2.9 n/m n/m Net Income Net income before minority interests 208 968 1,378 931 987 Minority interests 54 40 (143) (18) 246 Dividend 220 240 n/a 300 50 Profit participation payments 3) 76 77 77 39 95 Employee profit sharing 3) 29 34 n/a 19 44 1) 57.6 percent Bertelsmann Foundation, 17.3 percent Mohn family, 25.1 percent Groupe Bruxelles Lambert (GBL) (as of 12/31/2003) 2) Net financial debt/Cash Flow 3) Offset in net income Bertelsmann Annual Report 2003 Contents | 1 Letter from the Chairman 2 Executive Board 6 Management Report 10 Supervisory Board Report 48 Corporate Governance at Bertelsmann 50 Contents Annual Report January 1 through December 31, 2003 Consolidated Financial Statements as of December 31, 2003 Consolidated Income Statement 54 Consolidated Balance Sheet 55 Consolidated Cash Flow Statement 56 Consolidated Statement of Changes in Shareholders’ Equity 57 Segment Reporting 58 Notes 60 Boards/Mandates 104 Auditor’s Report 107 Select Terms at a Glance 108 2 | Letter from the Chairman Bertelsmann Annual Report 2003 Dear Friends of Bertelsmann, Berlin is a fascinating city.