Bertelsmann AG is a Germany-based media corporation that provides information, education and entertainment around the world. The Company operates through five divisions: RTL Group, Random House, Gruner + Jahr, Arvato and Direct Group. RTL Group is an entertainment network with holdings in 45 television channels and 32 radio stations in eleven countries. The book publishing group Random House has a portfolio comprising approximately 120 editorially independent imprints. The Gruner + Jahr media company is a magazine publisher, publishing approximately 500 magazines and digital offerings. Arvato is a networked media and communication services provider. Direct Group Bertelsmann operates media clubs, bookstores, online activities, publishing imprints and distribution companies in 15 countries. The Company operates worldwide through its locations as well as subsidiaries, and focuses on core markets in Germany as well as other European countries.