Alex Springer Completes Its Purchase Of Rosslyn-Based News Outlet POLITICO

ROSSLYN, VA — Alex Springer completed its purchase Tuesday of influential news outlet POLITICO, which has its headquarters on Wilson Boulevard in Rosslyn, according to a release.

Alex Springer, a German-based publishing group, now owns all of the media properties previously owned Robert Allbritton. This includes POLITICO, and his 50 percent interest in POLITICO Europe, Protocol, E&E News and Agency IQ. The parties originally announced the sale agreement in August.

“We have always believed deeply in the digital journalism business model and POLITICO is a prime example of how to make it work," said Mathias Döpfner, CEO of Axel Springer, in a release. "They have a superior team with the highest quality standards and an impressive sense of how to convey their superior offerings in a digitized world. POLITICO’s strong growth and high profitability across a diversified earnings base is a testament to its success story. We will work with POLITICO to further elevate its growth potential and aim to help expand its offering internationally.”

POLITICO and its companion publication Protocol employ more than 500 journalists.

Allbritton, POLITICO's founder and publisher, said in a release that the sale to Alex Springer marked a new era of opportunity for everyone involved in POLITICO.

Axel Springer is the perfect owner to take our publications to the next level as we build on our excellence in Washington and Brussels, and enter new markets and territories as we have done successfully with Protocol’s essential coverage the new power dynamics of technology and E&Es brilliant coverage of the energy sector and the existential issues surrounding our planet’s climate," he said.

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POLITICO Inks Deal For Sale To European Media Giant Axel Springer