Axel Springer expanding U.S. digital holdings

German media company Axel Springer SE, publisher of

Bild

and

Die Welt

newspapers, has been reducing its reliance on print, and its CEO, Mathias Döpfner, plans to make the company the “leading digital publisher” in the U.S.,

the

Wall Street Journal

reported.

The company has a stake of about 88% in U.S. news site Business Insider. It also holds minority stakes in 12 U.S. companies, mostly digital-native startups, including Mic.com, Thrillist and NowThis, the article said.

Axel Springer is listed on the Frankfurt Stock Exchange but controlled by the widow of the company’s founder, the


Journal


report noted.  (Source:


Wall Street Journal


, May 12, 2016.