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German Publisher Axel Springer Announces It’s Acquiring Politico

The two parties didn’t disclose the financial terms of the sale, but several reports have implied the agreement was for upward of $1 billion. 

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Last week, there was a report on Axel Springer having discussions with Politico. Now the German publisher has announced that it’s acquiring the digital news outlet. 

As part of the agreement, the deal will see Axel Springer includes the 50 percent share of its current joint venture POLITICO Europe and the tech news website Protocol from Robert Allbritton.

The two parties didn’t disclose the financial terms of the sale, but several reports have implied the agreement was for upward of $1 billion. 

“Politico’s outstanding team has disrupted digital political journalism and set new standards,” Axel Springer CEO Mathias Döpfne said. “A true North Star. It will be a privilege and a special responsibility to help shape the future of this outstanding media company.”

“Objective quality journalism is more important than ever, and we mutually believe in the necessity of editorial independence and nonpartisan reporting. This is crucial for our future success and accelerated growth.”

Allbritton also commented on the sale where he described owning a politics and policy news brand now that the run is coming to an end. 

“As Politico has prospered in recent years, accompanied by the successful launch of Protocol, it became steadily more clear that the responsibility to grow the business on a global scale, to better serve the audience and create more opportunities for our employees, might be better advanced by a larger company with a significant global footprint and ambitions than it could be by me as owner of a family business,” Allbritton said.

“As I have often said, I would only welcome a new investor that reflected my values and Politico distinctive company values. Axel Springer and Mathias Döpfner and his team meet that test better than any other company in media today. I look forward to working with them as publisher of Politico and Protocol as we reach even greater heights.”  

News Print & Digital

Twitter Introduces Crisis Misinformation Policy

“In times of crisis, misleading information can undermine public trust and cause further harm to already vulnerable communities,” Twitter said in a statement.

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When major developing news occurs, such as the Buffalo Mass Shooting last weekend, many jump on Twitter to get the latest information. However, as the details come out, some disinformation surfaces on the platform. 

In an attempt to help combat any incorrect details in real-time, the social media platform is introducing a crisis misinformation policy. This global guideline will steer Twitter’s efforts to boost credible information when a crisis moment. 

“In times of crisis, misleading information can undermine public trust and cause further harm to already vulnerable communities,” Twitter said in a statement.

“Alongside our existing work to make reliable information more accessible during crisis events, this new approach will help to slow the spread by us of the most visible, misleading content, particularly that which could lead to severe harms.”

Twitter stated that the policy has been under development since last year and will “determine whether claims are misleading, we require verification from multiple credible, publicly available sources.”

Some instances of Tweets that the company may add a warning notification to include: 

  • False coverage or event reporting, or information that mischaracterizes conditions on the ground as a conflict evolves;
  • False allegations regarding use of force, incursions on territorial sovereignty, or around the use of weapons;
  • Demonstrably false or misleading allegations of war crimes or mass atrocities against specific populations;
  • False information regarding international community response, sanctions, defensive actions, or humanitarian operations.

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News Print & Digital

NY Times Puts Hold on Entire Staff Return to Their Offices

Times prepared to have its entire staff return to the office on June 6th a few days a week, a date which the newspaper had previously moved back as well.

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The New York Times staffers were scheduled to return to their offices on June 6th; however, the rise in Covid-19 cases in New York City have caused the newspaper to pause on a return to their offices. 

“Based on the city’s guidance and the advice of our health experts, we are pausing the start of our Expected Phase of return to office until conditions improve,” wrote Jacqueline Welch, Chief Human Resources Officer, in a memo.

The Times prepared to have its entire staff return to the office on June 6th a few days a week, a date which the newspaper had previously moved back as well.

Furthermore, the company’s notification to their staff coincided with New York City increasing its Covid-19 alert level to “High” on Tuesday as daily cases in the U.S. have grown near 100,000 per day, a boost from 73,000 new cases daily average last week.

Employees who need to be in the building are encouraged to wear masks in public spaces while in its offices, including elevators, meeting rooms, and restrooms.

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FOX Nation to Debut Veteran-Themed Shows Later This Month

FOX Nation will also be extending its “Grateful Nation initiative,” offering all active military members and veterans a free one-year subscription to FOX Nation.

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FOX Nation is set to debut its veteran-themed programming Sunday, May 22nd. In a release, the network said it will air the 38th annual “America’s Top Ranger.” The competition pits some of America’s elite Army Rangers against one another in a grueling 70-mile obstacle course.

On Thursday, May 26th, the network will debut “The Unauthorized History of the Vietnam War” hosted by Bret Baier. The show will document how the Vietnam War left an indelible mark on a generation of Americans and changed the course of human events across the globe.

On Saturday, May 28th, “Heroes Honor Festival” will air from Daytona Beach, Florida. Country star Toby Keith will headline the event along with other musical artists.

On Sunday, May 29th, Bret Baier is back with a look at the most iconic ships of World War II in “Lost Ships of WWII.” The eight-part special will spotlight the director of undersea operations at Vulcan Inc. Rob Kraft and his team aboard the research vessel Petrel.

On Monday, May 30th, “The Story’s” Martha MacCallum dives into a series of stories and heroes you never knew from World War II in “Secret History of WWII.” The special will document America’s “Ghost Army”, Pearl Harbor and Japan’s code

FOX Nation will also be extending its “Grateful Nation initiative,” offering all active military members and veterans a free one-year subscription to FOX Nation.

Fox Nation’s Memorial Day Schedule: 

• America’s Top Ranger – Release Date: May 22nd

• The Unauthorized History of the Vietnam War – Release Date: May 26th

• Heroes Honor Festival – Event Date: May 28th

• Lost Ships of WWII – Release Date: May 29th

• Secret History of WWII –  Release Date: May 30th

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