BERTELSMANN INVESTS $63 MILLION IN DIGITAL VENTURES

Bertelsmann said it has established a new venture capital fund aimed at emerging technologies and businesses in digital media.

The new venture arm, Bertelsmann Digital Media Investments, will focus on digital media opportunities to build out Bertelsmann’s media portfolio—including broadcast television, book and magazine publishing, music, media services, and direct marketing.

The investments ($63 million) will primarily be minority stakes in early-stage companies, but can also include majority stakes and external fund investments where appropriate.

Cut, cut, cut, but also invest, invest, invest!