Axel Springer Sheds Oldest Print Titles in $1.2 Billion Deal

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/axel-springer-sheds-oldest-print-titles-in-1-2-bln-deal/">
LinkedIn

By: Maria Sheahan | Reuters

FRANKFURT, July 25 (Reuters) – Publisher Axel Springer struck a 920 million euro ($1.22 billion) deal to sell some of Germany’s best-known newspapers and magazines, severing its oldest roots in order to intensify its focus on digital media.

The company said on Thursday it was selling regional newspapers Berliner Morgenpost and Hamburger Abendblatt, five TV program guides and two women’s magazines, jointly accounting for about 15 percent of group revenues, to Germany’s Funke Mediengruppe.

Comments:

Your email address will not be published. Required fields are marked *

Editor & Publisher App: Android Phone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android device

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: Android Tablet

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android tablet

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: iPad

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPad

Click below to download
and install the App.

CLOSE

Editor & Publisher App: iPhone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPhone device

Click below to download
and install the iPhone app.

CLOSE