AXEL SPRINGER

Axel Springer says the company would have been willing to take part in a European solution for TikTok. CEO Mathias Döpfner publicly promoted a European model and reportedly suggested to a US ambassador that Springer join the European TikTok business. Döpfner has for years demanded that TikTok in democracies be sold to democratic shareholders or banned; the development follows international efforts to create new ownership structures for ByteDance. » Más en finanzen.net

Axel Springer is preparing proposals to cut between 50 and 100 newsroom roles at the Telegraph despite earlier promises to invest in the title. Consultants reviewing the Telegraph’s finances have recommended editorial redundancies alongside new commercial side projects such as price-comparison and healthcare sites. The move has sparked confusion among staff given the buyer’s stated intent to grow the paper and expand its US operation; no redundancies have yet been announced. » Más en theguardian.com

Axel Springer reports a pro-forma revenue increase of 4.5% to 1.1 billion euros in the first half (currency-adjusted +6%) and adjusted EBIT that rose by almost 52% to 125.8 million euros. The Telegraph Media Group, acquired at the end of June, is not yet included in the figures. Springer announces cost discipline and personnel cuts in the premium group and intends to expand the Telegraph, especially in the US, as a moderately conservative offering that appeals to the political centre. » Más en finanzen.net