Photo Gallery: Is Axel Springer Turning Away from Newspapers?
Foto: Rainer Jensen/ picture alliance / dpa
Fotostrecke

Photo Gallery: Is Axel Springer Turning Away from Newspapers?

Crisis or Strategy Shift? Cuts Planned at German Tabloid Bild

Axel Springer, Europe's largest newspaper publisher, appears to be losing faith in its core businesses. The company has scenarios for cutting millions in spending and slashing hundreds of jobs at the tabloid Bild, a cash cow that still generates sensational returns despite a fast-shrinking circulation.
Translated from the German by Christopher Sultan
Mehr lesen über