Harro ten Wolde of Reuters writes, “Citing unnamed financial sources, the magazine said the publisher of Europe’s biggest daily newspaper, Bild, was willing to pay around 500 million euros for a controlling stake, without elaborating.
“Springer, which earlier this year missed out on buying the Financial Times newspaper from Pearson, has said it wants to invest more in digital assets.
“In January, Springer was the lead investor in a $25 million investment round in Business Insider.
“A number of Silicon Valley and other angel investors hold stakes in Business Insider.
“Axel Springer also owns half of the European edition of online news service and magazine Politico. The publisher’s Chief Executive, Mathias Doepfner, told Manager Magazin that he had no comment on a bigger stake in Business Insider.”
Read more here.
In March, the Stigler Center will welcome eight world-class journalists from across the globe for…
Entertainment industry publication The Ankler is starting an entertainment business trade publication focused on the…
The Atlantic has hired Griff Witte as a managing editor to lead its growing politics and accountability team.…
Journalist Judd Legum plans to launch a publication called "Musk Watch" to cover tech billionaire Elon…
Christopher “Kit” Smith, a respected financial journalist for 24 years at the Honolulu Advertiser who ran…
Forbes senior editor Jena McGregor is leaving the news organization to join Modern Executive Solutions as…