Politico sells to German publishing giant Axel Springer in deal worth about $1 billion

CNBC ^ | AUGUST 26, 2021 | Lauren Feiner - Alex Sherman

[Red Badger]

KEY POINTS German publisher Axel Springer plans to acquire digital media site Politico. The deal is worth about $1 billion, according to a person familiar with the situation. The acquisition grows the publishing group’s portfolio further, adding to its ownership of Insider and Morning Brew.

[G Larry]

At least now when Politico lies to us, they will have the tell-tale accent.....

[Flavious_Maximus]

A billion dollars for a propaganda mill. Suckers.

[Navy Patriot]

German publisher Axel Springer plans to acquire digital media site Politico.

Politico will be in good hands, ...

Sieg Heil!

[The people have spoken]

Is Axel Springer related to the academic publisher Springer, founded by Julius Springer in 1842?

[RetiredTexasVet]

Surprising anyone would pay that amount for some Marxist State Media pimps and whores when you could start your own for 1/10th of that max.

[TChad]

Any chance the buyer will reduce Politico’s leftist bias?

[Luke21]

Now do “The Hill.”

[tennmountainman]

The Shill is terrible too.

[Red Badger]

https://en.wikipedia.org/wiki/Axel_Springer_SE

[M Kehoe]

I wouldn’t give a warm bucket of spit for Politico.

5.56mm

[Red Badger]

Yes.

https://en.wikipedia.org/wiki/Axel_Springer_SE

[TChad]

https://en.wikipedia.org/wiki/Axel_Springer_SE

The CIA connection does not sound so good.

However, this sounds very good: "As of 2021, the Axel Springer SE names 'solidarity with the libertarian values of the United States of America' as one of its core principles on its own website."

I hope there will be a purge of lefty propagandist editors and reporters.

[PGR88]

Suckers!

They paid $1 billion for a bunch of leftist hack reporters.

but still not as bad as Verizon paying $4.4 billion for Huffington Post

[Red Badger]

BuzzFeed owns it now.....................

[SES1066]

[PGR88] but still not as bad as Verizon paying $4.4 billion for Huffington Post
[Red Badger] BuzzFeed owns it now.....................

At a CONSIDERABLE write-down! Of course VERIZON is now teaching CRT to its employees, a sure sign that they learned nothing about such LEFTism!

[The people have spoken]

Not so sure. I could find no connection between Springer Science+Business Media and Axel Springer SE.

[Red Badger]

Maybe cousins like 100 years back.....................

[faithhopecharity]

i dont like foreign ownership of USA media
but Springer is a responsible publisher and my bet is that he will clean up some of the problems that have developed on politico

[dfwgator]

Media conglomerates need to be broken up.