Axel Springer sees earnings rise 10% amid digital growth

axel_springer_logoAxel Springer announced a 10 per cent increase in earnings for last year as growth in its digital business offset declines in print.

The German media group — which owns quality broadsheet Die Welt as well as the tabloid Bild, Germany’s best-selling newspaper — is one of a number of European publishers that are expanding aggressively online amid falling revenues from newspaper circulation and advertising. The company says 62 per cent of its revenues last year come from digital operations.

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