Axel Springer’s takeover of N24 gets green light

Germany’s competition authority, the Bundeskartellamt, has cleared Axel Springer’s acquisition of German news and documentary channel N24. In a statement, Andreas Mundt, President of the Bundeskartellamt, said: “The takeover is unproblematic under competition law. N24 is a specialised channel with a limited range of audience and a relatively low share of the TV market.” The news […]

Axel Springer buys news channel N24

German publisher Axel Springer has bought 100% of domestic TV news channel N24 in a bid to create “the leading multimedia news company for quality journalism in the German-speaking countries.” Axel Springer said it plans to combine N24 Media with the Welt Group, its division responsible for German newspaper Die Welt and its associated digital […]