Axel Springer and Politico partner on a new European political media venture




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09.09.14

Axel Springer and Politico partner on a new European political media venture

To press release overview

Axel Springer SE, one of the leading European digital publishers, and POLITICO, the dominant Washington, D.C., political news publication, have joined forces to launch a European edition of POLITICO, a new digital political media offering that will offer in-depth coverage of European politics and policy.

Both Axel Springer and POLITICO have signed an agreement for a 50/50 joint venture. The new media company will be headquartered in Brussels. More details will be announced in the coming weeks.

About Axel Springer

Axel Springer SE was founded in 1946 by Axel Springer and wants to become the leading digital publisher. Headquartered in Berlin, the company is active in more than 40 countries with subsidiaries, joint ventures, and licenses. The company is divided into three operating segments: paid models, marketing models and classified ad models. In 2013 it achieved an EBITDA of EUR 454.3 million. In the first half of 2014, more than half of Group revenues were generated by digital activities, their share of EBITDA amounted to nearly two-thirds of Group EBITDA.

About POLITICO

POLITICO is a nonpartisan, Washington-based political news organization founded in 2007 by Publisher Robert Allbritton, President & CEO Jim VandeHei and Editor-in-Chief John F. Harris. It serves as the one-stop shop for the fastest, most in-depth coverage of the White House, Congress, politics and policy. POLITICO breaks news through its digital products, which reach 7 million unique visitors a month. POLITICO also drives the conversation through its Washington newspaper, POLITICO Magazine, POLITICO Events and POLITICO Pro, its subscription-based policy news service.

Svenja Friedrich Press Contact Axel Springer SE:
Svenja Friedrich

Tel: +49 30 2591 77609