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Axel Springer buys 100% of news channel N24

Monday 9 December 2013 | 17:27 CET | News
German publishing group Axel Sprint has announced the acquisition of 100 percent of news channel N24 Media. It plans to combine N24 and the Welt Group to establish the leading multimedia news company for journalism in the German-speaking countries. The joint editorial team will in future produce both brands' journalistic content for all the digital channels, as well as for the Welt Group's print products. Financial terms of the deal, which is subject to Cartel and Media Office approval, were not disclosed.

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Categories: Broadcast & Satellite / Internet
Companies: Axel Springer
Countries: Germany
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