this post was submitted on 16 Jun 2026
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[–] pelespirit@sh.itjust.works 8 points 1 day ago (1 children)

Acquisition by Axel Springer

In October 2021, the large German publishing and media firm Axel Springer SE announced that it had completed the acquisition of Politico for over $1 billion. The closing took place in late October 2021.[52][53][54] The new owners said they would add staff, and at some point, put the publication's news content behind a paywall.[55][56][57] Axel Springer's Chief Executive Mathias Döpfner said that Politico staff would need to adhere to Axel Springer's principles,[58] including support for a united Europe and Israel's right to exist, advocate the transatlantic alliance between the United States of America and Europe and a free-market economy, and that staff who disagree with the principles "should not work for Axel Springer, very clearly".[59] Axel Springer said that they would not require Politico employees to sign documents in support of a transatlantic alliance or Israel, though this policy is enforced at German newspaper Bild, another Axel Springer subsidiary.[60]

In September 2022, Politico published an exposé critical of NGO leadership at the helm of the worldwide COVID-19 pandemic response, written in cooperation with the German newspaper Die Welt, another Axel Springer property.[61] In May 2025, Argentine entrepreneur and Axel Springer board member Martín Varsavsky resigned after accusing Politico of left-wing bias.[62][63] Varsavsky cited Politico’s news coverage of Israel during the Gaza war.[64]

https://en.wikipedia.org/wiki/Politico#Acquisition_by_Axel_Springer

[–] phutatorius@lemmy.zip 6 points 8 hours ago* (last edited 8 hours ago)

Tl;Dr: Axel Springer is as evil and corrupt as Murdoch's companies. And Politico was fence-sitting shite before the acquisition too.