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home / news releases / AXELF - Axel Springer Redefines Trophy News Asset

AXELF - Axel Springer Redefines Trophy News Asset

Axel Springer SE
  • The media company said on Thursday it will acquire Politico and its units from American investor Robert Allbritton.
  • The news group ropes in approximately $200 million in annual revenue in a mix of advertising and professional subscriptions.
  • It is profitable, too, but that still makes the $1 billion splashed out by Axel Springer, according to the New York Times, a tad excessive.

For further details see:

Axel Springer Redefines Trophy News Asset
Stock Information
Company Name: Axel Springer SE
Stock Symbol: AXELF
Market: OTC
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