Episode Details
Back to EpisodesSpringer Wins Telegraph, Rothermere Loses
Description
Germanys Axel Springer secures a stunning victory, acquiring the Telegraph for £575 million, outbidding Lord Rothermere. Springers CEO, Mathias Döpfner, promises heavy investment and digital growth, but staff reactions are mixed. Concerns linger over Springers corporate principles potentially clashing with the Telegraphs anti-EU stance. Rothermeres loss leaves the Daily Mail vulnerable, while RedBird IMI celebrates recouping their investment.
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