Axel Springer’s media assets to be split off in €13.5bn KKR deal

Private equity group to control classified business while Mathias Döpfner and Friede Springer will run digital operationAxel Springer has struck a €13.5bn (£11.3bn) deal that will see its media assets, which include Politico, Business Insider and newspapers Bild and Die Welt, hived off into a private company with the aim of building an international digital news media powerhouse.The move will see the German conglomerate, which last year decided against bidding for the Daily and Sunday Telegraph because its focus is a “digital first, digital only” acquisition strategy, become fully privately owned for the first time since its flotation in 1985. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2024-09-19 14:19:21 UTC ]
News tagged with: #axel springer #media assets #mathias dpfner #friede springer #3bn deal #include politico #business insider #newspapers bild #die welt #private company #german conglomerate #year decided #sunday telegraph #acquisition strategy #privately owned

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USA Today Said to Cut as Many as 70 Jobs Ahead of Gannett Split

USA Today, which is being spun off from Gannett Co. along with the rest of the company's publishing business, fired as many as 70 employees today across all departments, according to a person familiar with the newspaper's plans.About half of the jobs were in the newsroom and accounted for about... Continue reading at Advertising Age

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Publishers urge European Commission to reject Google antitrust deal

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[ PC World | 2014-09-04 00:00:00 UTC ]
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Fox Chapel Buys Creative Homeowner Assets

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Kobo Inks Exclusive Deal to Offer Reading Eggs E-books

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Trajectory Inks Deals to Distribute Berrett-Koehler, RosettaBooks in China

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Indian journalists protest at publisher's social media demands

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Latest Conde Shakeup: Vanity Fair Publisher Takes Over Corporate Media Group

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Penske Media Buys Fairchild Trade Titles, Including WWD

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