Brown Printing Makes Top Management Change

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HAMBURG, GERMANY—March 12, 2007—The Executive Board of Gruner + Jahr today announced the following management change at Brown Printing Co. effective July 1, 2007. Volker Petersen, currently VP of strategy and chief integration officer, Prinovis, a Bertelsmann joint venture, will be appointed president and CEO of Brown Printing Co., Waseca, MN.

Tom Engdahl, currently president and CEO of Brown, will step down to devote his full attention to a smooth business transition, until his planned retirement on January 1, 2008.

“We

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