Bertelsmann Raises Outlook

WSJ.com: "Media conglomerate Bertelsmann AG Tuesday lifted its full year outlook after a significant improvement in first-half results, driven by the steady improvement in advertising markets, cost cutting and lower charges compared with a year earlier. Growth was mainly fueled by the advertising-driven divisions, broadcaster RTL Group SA (RTL.BT), Hamburg-based newspaper and magazine publisher Gruner Jahr, and by trade book publisher Random House where the U.S. business and digital activities were particularly positive, Bertelsmann said."