Axel Springer buys Telegraph in £575mn deal

Posted by ZweigDidion

3 Comments

  1. earththejerry on

    For more info on Mathias Dopfner, CEO and co-owner:

    https://nymag.com/intelligencer/article/axel-springer-mathias-dopfner-profile.html

    Self described free trade transatlantic alliance supporter, yet chummies to Musk and prayed for Trump’s reelection. Still coping about a golden age of US EU alliance against China (LMAO)

    Following KKR’s exit with the classifieds business, he now steers Bild (Germany’s top tabloid), Wilt (more respectable news), Politico, Morning Brew, and Business Insider

    He lost out on the Financial Times to Nikkei and years ago and had always wanted a major English outlet, but $766M for Telegraph is quite a bit of an overpay given slow subscription growth. But beating out Daily Mail is kind of funny

    They are cash flush after the KKR deal, so expect them consolidate even more non-conglomerate owned outlets

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