Axel Springer plans to eventually put Politico’s content behind a paywall and immediately boost the political-news publisher’s head count by more than 10% once a deal to buy it closes
BERLIN—Axel Springer SE plans to eventually put Politico’s content behind a paywall and immediately boost the political-news publisher’s head count by more than 10% onceAxel Springer Chief Executive Mathias Döpfner said in an interview he expects to hire 100 people across the company’s management and editorial staff, which currently numbers 900 in the U.S. and Europe. He also laid out tentative plans for an international push—including intentions to publish in several different languages.
“These values are like a constitution, they apply to every employee of our company,” Mr. Döpfner said. People with a fundamental problem with any of these principles “should not work for Axel Springer, very clearly,” he said. “I spent many years managing restructuring, cost-cutting, layoffs, digital transformation and creating a new corporate culture,” he said. “But now is the time to focus on growth and investment” in the U.S.
Axel Springer is “step by step developing the U.S. into our most important market and engine of growth for digital publishing,” Mr. Döpfner said.
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