From Q1 last year to Q1 in FY2014 German media group Axel Springer grew its revenue 4.4 percent to €692 million ($954 million U.S.), the company announced today (here in English). Earnings before interest, tax and depreciation (EBITDA) rose 13.6 percent
Media group Axel Springer merged its divisions classifieds, marketing models and electronic media into a single division and promoted Jens Müffelmann (47) (photo) to the position of chief operating officer (COO) of the newly created mega-division, the company announced today.
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There can be few media groups worldwide with a smoother transition from print to digital than German media group Axel Springer. That was, in any event, the impression left by the financial statements for FY2013 released in Berlin today.
According to CEO Mathias Döpfner "there has never been more change at Axel Springer than in FY2013". Still, the group increased total revenue from €2.7 billion
Schibsted's Swedish general classified site Blocket bought the Swedish operation of Axel Springer's job board StepStone (see link in
In almost every quarterly financial report the digital business of German media group Axel Springer gets more transparent as more statistics are published. That happened again this week when the financial results for Q3 of FY2013 were released.
For the first time Axel Springer now also stripped out its classifieds business and published key numbers (revenue, EBITDA, EBITDA margin) for the class