I am sorry but I simply can't say it any better than The Hollywood Reporter: " Recession? What recession? There was no sign of a downturn at German media group Axel Springer, which reported its fifth consecutive year of record profit Wednesday, earning 571.1 million euros ($729 million) in 2008."
A strong portfolio including digital media lead to growth, compensating for a drop in newspapers and magazines.
Other reports also indicate that the German book market is showing signs of growth. Roughly translated Mr. Honnenfelder (ex head of DuMont publishing) said at the opening of the international book fair: "The international recession is not evident in the book market".
The rise in book sales is an interesting one though. Has the recession lead to more people buying books? Looking for something solid and firm to hold onto? That DIY CV builder feels so much better with a hard cover!
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