The International Herald-Tribune reports that Bertelsmann AG is selling its North American book club business to a
Bertelsmann, the owner of publisher Random House, said that the sale of Direct Group North America to Phoenix, Arizona-based Najafi Companies should close during this quarter. Financial details of the deal between the privately held companies were not disclosed.
The Direct Group operates book, music and DVD clubs in the
and U.S. , including Columbia House and the Book-of-the-Month Club. Bertelsmann said those brands serve millions of members. Canada
[Thanks to Dan Goodman for the story.]