Gruner + Jahr (G+J) is the international magazine and newspaper publishing arm of German media giant Bertelsmann, which owns a 75% stake. The company publishes more than 500 magazines, newspapers, and digital publications in 30 countries, including Stern and Brigitte in Germany and Top Girl in Italy. Gruner + Jahr operates through five divisions: G+J Germany; G+J International; G+J France; Print; and Corporate Services. Its US magazine operation, which made up about a quarter of revenue, was sold in 2005. The company also owns European financial newspaper Financial Times Deutschland. In addition, G+J offers commercial printing services and distribution services. The founding Jahr family owns 25% of the firm.
G+J's largest publishing company outside Germany is Prisma Presse, the second-largest and most profitable magazine publisher in France, with more than 20 magazines. The company also publishes magazines in about 10 other countries, including Austria, China, Italy, the Netherlands, Poland, and Spain. In the US, its Brown Printing subsidiary is one of the nation's largest offset printers.
The company reported a significant drop in revenues in 2009 as a result of the ad slump caused by the economic downturn. In response, G+J is undergoing a comprehensive cost-reduction and restructuring program, including implementing hiring freezes and merging the editorial departments of its business publications.
G+J acquired in 2008 the 50% of Financial Times Deutschland that it did not already own from Pearson's Financial Times Group. In 2007 G+J expanded into the digital realm with the acquisition of 98% of Entertainment Media Verlag, a German multimedia firm that publishes trade and customer magazines, as well as online media related to movies, film, video/DVD, music, and games.
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