You will be redirected back to your article in seconds

Germany’s Springer buying stake in AOL

BERLIN – German media giant Bertelsmann AG announced on Thursday that Axel Springer Verlag, one of Europe’s largest publishing houses, will buy a 10% share in AOL Germany.

Within a year of its launch, AOL Europe, a joint venture of America Online Inc. and Bertelsmann, has logged more than 300,000 subscribers: 200,000 in Germany, nearly 100,000 in Great Britain and 25,000 in France. New AOL companies were formed in Austria and Switzerland at the end of November. Bertelsmann said it expects AOL to become the largest European-wide online service by mid-1997.

The Springer deal will give AOL Germany access to the publisher’s 40 German-language newspapers and magazines, including the most widely read German daily, Bild. Magazines such as Auto Bild, Sport Bild and Computer Bild will be available online over AOL.

No financial details of the agreement were released.

More Scene

  • Made By Google

    Rashida Jones, Jaden Smith and More Stars Party at Made by Google Opening Night

    BERLIN – German media giant Bertelsmann AG announced on Thursday that Axel Springer Verlag, one of Europe’s largest publishing houses, will buy a 10% share in AOL Germany. Within a year of its launch, AOL Europe, a joint venture of America Online Inc. and Bertelsmann, has logged more than 300,000 subscribers: 200,000 in Germany, nearly […]

  • 'Boo 2! A Madea Halloween' film

    Tyler Perry Hopes 'Boo 2!' Can Help Bring Laughter to Nation's 'Darkness'

    BERLIN – German media giant Bertelsmann AG announced on Thursday that Axel Springer Verlag, one of Europe’s largest publishing houses, will buy a 10% share in AOL Germany. Within a year of its launch, AOL Europe, a joint venture of America Online Inc. and Bertelsmann, has logged more than 300,000 subscribers: 200,000 in Germany, nearly […]

  • 'Geostorm' film premiere

    'Geostorm' Director Hopes Harvey Weinstein Scandal Signals 'Sea Change' for Hollywood

    BERLIN – German media giant Bertelsmann AG announced on Thursday that Axel Springer Verlag, one of Europe’s largest publishing houses, will buy a 10% share in AOL Germany. Within a year of its launch, AOL Europe, a joint venture of America Online Inc. and Bertelsmann, has logged more than 300,000 subscribers: 200,000 in Germany, nearly […]

  • ‘Working Above The Line’ panel, The

    Academy's Third Annual Careers in Film Summit Inspires Young Creatives

    BERLIN – German media giant Bertelsmann AG announced on Thursday that Axel Springer Verlag, one of Europe’s largest publishing houses, will buy a 10% share in AOL Germany. Within a year of its launch, AOL Europe, a joint venture of America Online Inc. and Bertelsmann, has logged more than 300,000 subscribers: 200,000 in Germany, nearly […]

More From Our Brands

Access exclusive content