S. Fischer isn't just a independent subsidiary. The company is run by Monika Schoeller (born Monika von Holtzbrinck). She and her brother own large parts of Hol

S. Fischer isn't just a independent subsidiary. The company is run by Monika Schoeller (born Monika von Holtzbrinck). She and her brother own large parts of Holtzbrinck and she's listed as a partner and member of the supervisory board on Holtzbrinck's website. (Her brother, Stefan von Holtzbrinck, is the CEO.) > Why would they want to subsidize a losing bet using the profits from other divisions? Because owning S. Fischer, Rowohlt and Droemer Knaur means owning a large chunk of the german book market.