Bertelsmann has announced it is considering reducing its 93% stake in broadcaster RTL Group, though it will continue to hold a stake of about 75%. Any funds generated by the sale of shares in RTL will be “used to implement the Bertelsmann corporate strategy with its four key strategic objectives strengthening the core business, digital transformation, expansion of growth platforms and entering growth regions,” chairman Thomas Rabe said.

The company also said that preliminary figures indicate that total sales rose 5% in 2012 while EBIT was flat.