Bertelsmann AG, the owner of the publisher Random House, said Tuesday that its DirectGroup unit bought the 50 percent stake held by Time Inc. in Bookspan, owner of 40 book clubs including Book-of-the-Month Club.
(This includes some very popular clubs, including Doubleday, Black Expressions, Zooba, Literary Guild, Quality Paperback Books, Mystery Guild, The Good Cook, and more - see complete list by clicking here)
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