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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 ...