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German Publisher Axel Springer Announces It’s Acquiring Politico

The two parties didn’t disclose the financial terms of the sale, but several reports have implied the agreement was for upward of $1 billion. 

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Last week, there was a report on Axel Springer having discussions with Politico. Now the German publisher has announced that it’s acquiring the digital news outlet. 

As part of the agreement, the deal will see Axel Springer includes the 50 percent share of its current joint venture POLITICO Europe and the tech news website Protocol from Robert Allbritton.

The two parties didn’t disclose the financial terms of the sale, but several reports have implied the agreement was for upward of $1 billion. 

“Politico’s outstanding team has disrupted digital political journalism and set new standards,” Axel Springer CEO Mathias Döpfne said. “A true North Star. It will be a privilege and a special responsibility to help shape the future of this outstanding media company.”

“Objective quality journalism is more important than ever, and we mutually believe in the necessity of editorial independence and nonpartisan reporting. This is crucial for our future success and accelerated growth.”

Allbritton also commented on the sale where he described owning a politics and policy news brand now that the run is coming to an end. 

“As Politico has prospered in recent years, accompanied by the successful launch of Protocol, it became steadily more clear that the responsibility to grow the business on a global scale, to better serve the audience and create more opportunities for our employees, might be better advanced by a larger company with a significant global footprint and ambitions than it could be by me as owner of a family business,” Allbritton said.

“As I have often said, I would only welcome a new investor that reflected my values and Politico distinctive company values. Axel Springer and Mathias Döpfner and his team meet that test better than any other company in media today. I look forward to working with them as publisher of Politico and Protocol as we reach even greater heights.”  

News Print & Digital

Report: Layoffs of CNN+ Staffers Has Begun

Approximately 23 staffers in CNN’s Hudson Yards offices were notified that their positions were being eliminated.

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It’s been nearly a month since CNN decided to pull the plug on its streaming service CNN+ and while many were hired to help with the production of the various shows, now they’re being laid off.

TV Newser reports that the cable news channel began laying off affected staffers on Tuesday. The outlet adds that there’s no concrete number of people who won’t be working at CNN.

However, approximately 23 staffers in CNN’s Hudson Yards offices were notified that their positions were being eliminated. Furthermore, another source confirmed to the outlet that layoffs had occurred. 

Despite laying off some staffers, the company is still trying to place those impacted CNN+ employees in other positions around CNN and Warner Bros. Discovery.

When the network announced it was pulling the plug, CNN Worldwide chairman and CEO Chris Licht said in an internal memo that they would continue to receive pay for 90 days and benefits along with helping them find opportunities within the company. 

“All CNN+ employees will continue to be paid and receive benefits for the next 90 days to explore opportunities at CNN, CNN Digital, and elsewhere in the Warner Bros. Discovery family,” Licht said. 

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Insider Editor Stands By Sexual Harassment Accusation Story on Elon Musk

The accusation was made by an unnamed source, a friend of the flight attendant, in the Business Insider story, but Carlson said the allegation fulfilled the outlet’s criteria for publishing. 

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Tesla CEO Elon Musk is going on the offensive following the Insider report alleging the entrepreneur sexually harassed a flight attendant on a SpaceX corporate jet in 2016. 

He’s going after the media outlet, but Insider’s global editor-in-chief Nicholas Carlson is standing by his team’s reporting. 

The accusation was made by an unnamed source, a friend of the flight attendant, in the Business Insider story, but Carlson said the allegation fulfilled the outlet’s criteria for publishing. 

“Anytime you have a very powerful man and there are credible accusations that he’s done something wrong the way that he was accused of doing in this story,” Carlson said on CNN. “That’s absolutely and sort of obviously newsworthy.”

Musk touched on the fact that he has never been accused of anything, even during the MeToo movement, but the allegation surfaced as soon as he attempted to purchase Twitter to restore free speech. 

“They began brewing attacks of all kinds as soon as the Twitter acquisition was announced,” Musk tweeted Friday. “In my 30-year career, including the entire MeToo era, there’s nothing to report, but, as soon as I say I intend to restore free speech to Twitter & vote Republican, suddenly there is …”

Carlson stated Insider reporters asked Musk’s team for comment on the allegations before the Tesla CEO went to Twitter to offer his remarks. Furthermore, Carlson adds that the news media outlet has yet to face any legal matters due to the story. 

“I reached out to him personally a few times,” Carlson added. “[I] said come talk to us; we want to hear from you.” Musk declined Insider’s offer to grant him more time to respond.”

“We are prepared to defend the story vigorously. It’s the truth that we stand by our story, which is based on documents and interviews. It speaks for itself.”

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Lulu Garcia-Navarro to Host Opinion Podcast for NY Times

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release. 

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New York Times

The New York Times will have a new opinion podcast coming out soon called “First Person.” The company announced that Peabody Award-winning journalist Lulu Garcia-Navarro will host this new show beginning June 9th. 

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release

“That’s the question we’re exploring in “First Person,” a new podcast from New York Times Opinion with Lulu Garcia-Navarro. In each episode, Lulu sits down with people living through the headlines for intimate and surprising conversations that help us make sense of our complicated world.”

Garcia-Navarro will bring plenty of experience to her new podcast as a two-time Peabody Award-winning journalist with years of interviewing world leaders, authors, artists, and people living on the front lines of a changing world.

“This show is a new way of understanding where people’s opinions come from. It’s urgent and intimate and takes someone who is living through something incredible and asks them how they came to believe what they believe,” Garcia-Navarro said per Radio Ink

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