Rabe Assumes Control: Bertelsmann Leadership Transition Extends to RTL-Deutschland as Well
Refreshed Article:
Hey there! Let's chat about some shakeups in the world of German business. Matthias Dang, current Co-CEO of RTL Germany, is stepping up as number two under Rabe, following Stefan Schäfer's exit. Rabe, the big cheese at Bertelsmann and RTL Group, spilled the beans to the "Frankfurter Allgemeine Zeitung" about his desire to widen the leadership ranks and find a long-term solution for the top spot. He's hinting he'll only hold the reins temporarily - but for now, let's focus on what's happening in the present.
Rabe's been calling the shots at the Gütersloh-based media, services, and education titan, Bertelsmann, since 2012, and as the boss of RTL Group since 2019. In a recent press release, he shared his plans for the coming months, which include navigating the increasingly challenging business landscape and beefing up the management team. He's also got his sights set on expanding RTL+, the streaming service, and pushing forward with the merger of RTL Germany and the Gruner+Jahr publishing house.
The media scene, though, isn't exactly dancing in the sunshine these days. With the economy heading towards a recession, the media industry is catching some serious headwinds. Advertising revenue is slumping thanks to the economic downturn, inflation, and the Ukraine war. As a result, the European RTL Group has adjusted its outlook, predicting lower profits and revenue.
RTL Group is a big fish in the pond, with 64 television stations, nine streaming services, and 33 radio stations under its belt. They only introduced the dual leadership of Dang and Schäfer for RTL Germany last September. The company confirmed that Schäfer's departure is amicable, and he'll remain connected to RTL as a consultant.
So, who's taking over as number two, you ask? The search results don't have the scoop, but let's keep our eyes on RTL Group for updates. Stay tuned, folks!
Insights:- Thomas Rabe, the chairman and CEO of Bertelsmann, has been instrumental in shaping RTL Group's strategies, emphasizing on strengthening core businesses, expanding local streaming services, and developing advertising technologies.- RTL Deutschland, the largest business unit of RTL Group, operates across multiple media platforms in Germany. However, the search results do not provide specific information about the new number two executive in RTL Germany following Schäfer's departure or long-term plans for the CEO position.
- Despite the challenging financial landscape, Thomas Rabe, the chairman and CEO of Bertelsmann, continues to promote growth strategies for RTL Group, including strengthening core businesses, expanding local streaming services, and developing advertising technologies.
- Amidst speculations about the new number two executive in RTL Germany following Schäfer's departure, the industry is closely watching the dynamic between the media, finance, and business sectors to understand the long-term plans for the CEO position at RTL Group.
