Axel Springer decided to forgo the usual extensive due diligence process to vet the value and prospects of a company, according to multiple sources. This decision raises concerns about the ability to recoup the substantial investment amid a shift towards less-profitable digital subscribers.
More than 20 years ago, we tried to acquire The Telegraph and did not succeed. Now our dream comes true. The Telegraph stands for freedom, personal responsibility, democratic values and a belief in open societies and market economies. These convictions closely align with our Axel Springer essential values.
And there's the end of Nike's famous imperative, "Just Do It," which will change to "Why Do It?" One could ask the same question of Nike's decision. But "it's not just a slogan," says Nike CMO Nicole Graham. "It's really a mindset and almost kind of a spiritual thing. It's like meditation or yoga. It's something that has so much reverence and beauty, but it's your job to continue to contemporize it and channel it in new dimensions."
Vox Media sold Outsports, which covers LGBTQ+ athletes, to Q.Digital last March in an "acqui-hire" deal (a non-cash transaction where Q.Digital took over Outsports' operations and revenue costs while keeping the team intact). It was part of Vox Media's reorganization to focus on its core brands last year. Under its new owners - which have other LGBTQ+ focused titles like Queerty and Gay Cities in its portfolio - Outsports has grown revenue by about 50% year over year,
Alden Global Capital expressed surprise at the rejection of its $16.50 offer for The Dallas Morning News, particularly since it wasn’t even considered for discussion.
"There was an increasing demand from clients to have a full-funnel approach," said Gilbert. "So we started looking around at the various agencies in the market, and when we came across Exverus, it was like a light went [on]."
Early discussions are taking place between Skydance founder David Ellison and journalist Bari Weiss about acquiring her online publication, The Free Press, although a deal remains uncertain.
