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The World: Berlin - Bertelsmann's owners to take 40 per cent cut in pay.(Bertelsmann AG)(Brief article)

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| July 07, 2006 | COPYRIGHT 2006 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Bertelsmann's owners have agreed to take a 40 per cent cut in income this year to ensure the media group remains a privately owned company.

The Mohn family, and its charitable foundation, have decided to take a dividend of EUR100 million this year, compared with EUR167 million in 2005.

The move has been made in a bid to assist the group's efforts to repay a EUR4.5 billion loan it has taken on to buy ...

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