Politico’s new owner, Germany’s Axel Springer, expects the U.S. website to adhere to the parent company’s principles including support for Israel’s right to exist, Springer’s CEO told The Wall Street Journal Friday.
Axel Springer said in August he is was buying Politico for more than $1 billion.
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The chief executive of the Berlin-based company, Mathias Dopfner, has long said that support for Israel was “a German duty.”
He told The Journal on Friday that this sentiment – and others such as support for a united Europe and a free-market economy – “are like a constitution, they apply to every employee of our company.” Employees who disagreed “should not work for Axel Springer, very clearly.”
Politico staffers, however, will not be required to sign a written commitment to these principles, as employees in Germany must, Dopfner said.
He said he expects Politico, which was launched in 2007, and Axel Springer to shun activist journalism, which he said was helping polarize the United States and other countries.
Axel Springer is “step by step developing the U.S. into our most important market and engine of growth for digital publishing,” Dopfner told The Journal.
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In Germany, Axel Springer owns title including tabloid Bild and the center-right broadsheet Die Welt. It has recently expanded greatly in the United States, buying Business Insider for about $500 million and the business-based Morning Brew.
Dopfner said his company had hired over 1,600 people during the worst of the coronavirus pandemic, an approach that would be applied to Politico and the other U.S. titles.
“There will be no restructuring, no synergies, no mergers and no cost-cutting,” he told The Journal.