Axel Springer Agrees to Buy U.K.’s Telegraph
The New York Times • • general
Key Points:
- The Daily Telegraph has agreed to sell itself to Axel Springer, a European media giant that owns Politico, for £575 million ($766 million), pending regulatory approval.
- This marks a significant change in ownership for the 170-year-old British newspaper, which was previously owned by the billionaire Barclay family before lenders seized control in 2023.
- The Telegraph was previously poised to be sold to the owner of The Daily Mail, a deal that would have consolidated much of Britain's news industry, but the Axel Springer acquisition now takes precedence.
- Axel Springer, based in Berlin, has been expanding internationally over the past decade, acquiring media outlets like Politico and Business Insider, particularly targeting the U.S. market.
- Mathias
