Axel Springer SE
Axel Springer SE is a European multinational mass and online media company, based in Berlin, Germany. The company offers printing and publishing of advertisements, digital classifieds portfolio, marketing models and related services. Axel Springer's operations are segmented into News Media, Classifieds Media, and Marketing Media. The company is organized as a societas Europaea publishing house and is one of the largest mass media publishers in the European Union, with numerous multimedia news brands, such as Bild, Die Welt, Fakt, and the US political news site Politico, which Axel Springer acquired in 2021.
The company generated total revenues of about €3.93 billion and an EBITDA increase of 12.8% in the first half of 2023. Following US private-equity firm KKR's majority-stake acquisition in 2020, Axel Springer’s revenues have increased by a total of approximately €1 billion. The company, including its subsidiaries, joint ventures, and licenses, operates in more than 40 countries.
File:Front entrance to Axel Springer headquarters in1977 West Berlin.jpg|thumb|Front entrance to the Axel Springer headquarters building in West Berlin, 1977, with the Fritz Klimsch owl sculpture
The company was started in 1946 by journalist Axel Springer. Mathias Döpfner became its CEO in 2002. In 2004, Axel Springer company, the largest publishing house in Europe at that time, controlled the largest German market share for daily newspapers; 23.6%, largely because its flagship tabloid Bild is the highest-circulation newspaper in Europe with a daily readership exceeding 12 million. By 2022, the company had a market share of 10.6% in Germany.
October 2022 data indicates that Axel Springer's BILD brands attract approximately six million unique users daily, totaling up to 40 million unique users per month. IVW's data from June 2023 shows BILD receiving 504 million monthly visits and WELT achieving 127 million. In the United States, Axel Springer is ranked among the top four digital publishers, alongside USA Today, News Corp, and The New York Times.
Newspapers, magazines, online offerings
BILD
- Audio Video Foto Bild, magazine for consumer electronics
- Bild, tabloid with the largest circulation in Europe
- B.Z., local newspaper
- Computer Bild, published in nine countries, Europe's best-selling computer magazine
- Sport Bild, Europe's largest sport magazine
- Transfermarkt, a football transfer information website
WELT
- Die Welt, the company's intellectual flagship, including the Welt TV news channel
Multinational media
- Business Insider, a business, celebrity and technology news website
- Politico, a digital media company acquired by Axel Springer in October 2021 that operates in North America and Europe.
- Politico Europe, European version of Politico
- Upday, a news aggregator app
Other
- BONIAL, a marketing solutions company, which includes coupon portals, Sparheld.de Germany and Reduc.fr in France
- Dyn Media, a live broadcast sports platform
- Idealo, a price comparison service
- Morning Brew, a media company that focuses on business newsletters and podcasts
Classifieds
- Aviv, which includes real estate marketing portals immonet, immowelt, and SeLoger
- Stepstone
Ringier Axel Springer Poland
- AUTO SWIAT
- Fakt, the largest daily tabloid in Poland
- Forbes Women, a spinoff of magazine and web portal Forbes that focuses on gender equality in business
- Newsweek Polska, a Polish weekly news magazine
- Onet, a Polish online news publication
Marketing Media
- AWIN, a company that provides solutions for product marketing and services
History
1940s
In 1946, publisher Hinrich Springer and his son Axel Springer established the limited company Axel Springer Verlag GmbH. That year saw the launch of the Nordwestdeutsche Hefte and the radio and Hörzu, which was originally launched as a radio broadcast but later became a TV magazine as well.In 1948, the afternoon and evening newspaper Hamburger Abendblatt was launched, the first daily newspaper created by Axel Springer.
1950s
The year 1952 saw the launch of the popular daily newspaper Bild. The paper was based on the British tabloid Daily Mirror and peaked at a circulation of 5 million in the 1980s. The Sunday paper Bild am Sonntag was launched in 1956.In 1953, Axel Springer Verlag bought the publishing house Die Welt, including the daily paper Die Welt and the Sunday paper Welt am Sonntag.
Construction on the company headquarters in Hamburg began in 1950 and was completed in 1956.
In 1956, Axel Springer secured a blocking minority in Ullstein Verlag, and three years later he took over the company completely.
ullstein bild is a brand for the photo collection, now under Axel Springer Syndication GmbH.
This was followed in 1959 by the purchase of the newspaper Berliner Morgenpost. When Springer took over the Ullstein publishing house in December 1959, the B.Z. also became its property.
Two days before the end of the Soviet ultimatum in Berlin, Axel Springer laid the foundation stone for the new publishing headquarters on 25 May 1959.
1960s
The official opening of the Berlin headquarters took place in 1966.After the attack on the student leader Rudi Dutschke on 11 April 1968, the APO began acts of violence against the company. The APO had a history of animosity with the Springer Group's allegedly biased coverage of the student movement. For instance, in the wake of the killing of Benno Ohnesorg by the police at a student demonstration against the Shah, one Springer paper reported that "what happened yesterday in Berlin had nothing to do with politics …. It was criminal in the most sickening way." In fact, Ohnesorg, who had never attended a demonstration before, had been shot in the back while trying to leave the demonstration.
1970s
The years 1972 and 1973 saw the building of the offset-printing plant in Essen-Kettwig.1980s
1984 witnessed the official opening of the offset printing facility in Ahrensburg near Hamburg.In 1985, 49% of the company was offered for public subscription, marking the IPO of Axel Springer. Later that year, Axel Springer died; control of the company was transferred to his widow Friede Springer.
In 1986, the first licensed edition of Auto Bild came out, in Italy. Other licensed editions and joint venture publications later appeared in twenty European countries, Indonesia and Thailand.
1990s
In 1993, there was the official opening of the offset printing works in Berlin-Spandau.In May 1999, Axel Springer bought a 51% majority stake in the American television production company GRB Entertainment, but was later divested in 2002.
2000–present
In 2001, Axel Springer and T-Online established a joint subsidiary Bild.de/T-Online AG. A year later in 2002, the launch of immonet.de took place, Mathias Doepfner, former editor-in-chief of Die Welt, became CEO of Axel Springer AG, and Giuseppe Vita became Chairman of the Supervisory Board, serving until 2019. Then in 2003, the name was changed to Axel Springer AG.In 2009, Axel Springer AG acquired affiliate marketers Zanox and Digital Window as well as StepStone ASA. In 2010 a $635.7 million offer by Axel for leading French real estate website operator seloger.com caused seloger shares to rise as much as 32%, the most since it went public. Within 3 days Axel increased its offer 15.6% to $735 million after shareholders rejected the deal.
In 2012, Axel Springer formed a joint venture with global growth equity firm General Atlantic. The company also bought TotalJobs in the UK from Reed Elsevier that year.
In 2013, Springer sold its regional newspapers, women's magazines, and television magazines to Funke Mediengruppe for €920 million That same year, Publications Grand Public, a French magazine publisher owned by Springer, was sold to Reworld Media. The German television newsbroadcaster N24 was acquired by Axel Springer SE and combined with Die Welt.
In 2020, Friede Springer transferred $1.5 billion of Axel Springer shares to CEO Mathias Dopfner, effectively making him heir of the media group. Under the arrangement, Friede Springer sold a 4.1% stake to Dopfner and gifted him 15% more- bringing Dopfner’s direct stake of the company to 22%. She also transferred voting rights to Dopfner for her remaining 22% in the business. In October of the same year, the company expanded its Berlin headquarters with the completion of the Axel Springer Campus, a cube-shaped office building designed by Rem Koolhaas and OMA.
In October 2021, an article in The New York Times reported accusations of sexual misconduct, sexual discrimination and questionable business practices at Axel Springer SE. A day later, the publisher fired the editor-in-chief of Bild.
In July 2024, reports emerged that Axel Springer and private equity group KKR were in talks to potentially split the media conglomerate. The proposed deal would separate the group's media assets, including Politico, Business Insider, Bild, and Die Welt, from its digital classifieds operations such as StepStone and Aviv. The split was confirmed in September 2024 and Axel Springer became a fully privately owned and operated media company.