Bertelsmann, the German media giant, will found a joint venture with the private equity firm KKR, Frankfurter Allgemeine reported. While Bertelsmann will bring BMG Rights Management as an investment in kind to the table and KKR EUR 250m of cash over the next few years. Additionally, KKR will raise up to EUR 500m of debt from banks to finance acquisitions.

I just found this hilarious video from The Daily Show (Comedy Central) on paidContent. In the video, The Daily Show correspondent Jason Jones dropped by the New York Times to meet NYT executive editor Bill Keller and assistant managing editor Richard Berke. Have a look at the outcome – it’s hilarious!!