Axel Springer SE cover

photo credits: Wikimedia Commons

Axel Springer SE

large multimedia company in Europe

date of foundation: 1946
founded by: Axel Springer

Axel Springer SE (German pronunciation: [ˈaksl̩ ˈʃprɪŋɐ ɛsˈeː]) is a European multinational digital and popular periodical publishing house which is the largest in Europe, with numerous multimedia news brands, such as Bild, Die Welt, and Fakt and more than 15,000 employees. It generated total revenues of about €3.3 billion and an EBITDA of €559 million in the financial year 2015. The digital media activities contribute more than 60% to its revenues and nearly 70% to its EBITDA. Axel Springer’s business is divided into three segments: paid models, marketing models, and classified ad models. Since 2020, it is majority-owned by the US private equity firm KKR. Headquartered in Berlin, Germany, the company is active in more than 40 countries, including subsidiaries, joint ventures, and licensing. It was started in 1946/1947 by journalist Axel Springer. Its current CEO is Mathias Döpfner. The Axel Springer company is the largest publishing house in Europe and controls the largest share of the German market 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. Upon its acquisition of Politico and Business Insider, Axel Springer announced that all employees must support a free market economy, a united Europe, and Israel's right to exist.
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