Politico sells to German publishing giant Axel Springer for $1B(cnbc.com)
cnbc.com
Politico sells to German publishing giant Axel Springer for $1B
https://www.cnbc.com/2021/08/26/axel-springer-to-buy-politico.html
6 comments
Do any German readers want to offer their judgments on this. I thought I remembered from the 1970s that some of Springer's newspapers were a bit sensationalist.
Well, IMO Bild [1] is basically the German version of The Sun based on sensationalism.
[1]: https://en.m.wikipedia.org/wiki/Bild
[1]: https://en.m.wikipedia.org/wiki/Bild
Axel Springer's biggest newspaper is BILD - and it's like the German version of The Sun in Great Britain. The reception section in BILD's Wikipedia article has some interesting "highlights" from the paper's history:
https://en.wikipedia.org/wiki/Bild#Reception
BILD recently launched their own TV channel. Critics call it the German version of Fox News:
https://uebermedien.de/63042/wie-fox-news-wird-bild-live/
Even Axel Springer's other big newspaper Die Welt is more or less like BILD but with a more serious layout:
https://en.wikipedia.org/wiki/Die_Welt
https://en.wikipedia.org/wiki/Bild#Reception
BILD recently launched their own TV channel. Critics call it the German version of Fox News:
https://uebermedien.de/63042/wie-fox-news-wird-bild-live/
Even Axel Springer's other big newspaper Die Welt is more or less like BILD but with a more serious layout:
https://en.wikipedia.org/wiki/Die_Welt
Thanks!
On the surface this seems pretty weird. A maker of $200 technical books on math and science buys a US based political online media site? Doesn't seem like a great deal of "synergy" or whatever.
You have to revisit AS's porfolio, we're not talking Springer, the book publisher here: https://en.wikipedia.org/wiki/Axel_Springer_SE