Bertelsmann mogul Reinhard Mohn dead at 88

Reinhard Mohn, the former chief executive of Bertelsmann, who turned the German publisher into one of the world's top five media companies, died Saturday aged 88. Mohn, who was born in the town of Guetersloh, where Bertelsmann is based, took the helm at the publisher in 1947 after returning from a prisoner-of-war camp in Kansas. The great-great-grandson of founder Carl Bertelsmann, he laid the foundation for the firm's expansion by creating the Bertelsmann book clubs in 1950, growing it into an international business with over 20 million members.