German media group Axel Springer said Friday it had agreed to buy right-wing British newspaper The Telegraph in a surprise move, as the UK government investigates a rival bid. "To be the owner of this institution of quality British journalism is a privilege and a duty," said Axel Springer chief executive Mathias Doepfner. "We wish every success to Axel Springer and the Telegraph," a DMGT spokesperson said, adding that it believed "the organisation would have thrived under our long-term stewardship." "Many people will be breathing a sigh of relief and particularly the (Labour) government" amid the prospect of an enlarged British right-wing media group, he added. Axel Springer has announced job cuts in recent years, pointing in part to the role of artificial intelligence in rendering certain roles such as proofreading obsolete.

Source: The Local March 08, 2026 02:20 UTC