Politico Takes Next Step In Euro Expansion, Buys News Site
Politico, Axel Springer joint venture to launch in spring.
Politico and Axel Springer made their first major move since September when they announced they’d be partnering up to create a European version of the D.C.-focused political news and analysis site.
The group has acquired European Voice, a website and weekly newspaper based in Brussels, and intends to relaunch the title in the spring with a new name: Politico. Terms weren’t disclosed.
Reporting to editor-in-chief John Harris, Matthew Kaminski will head the day-to-day editorial operations as executive editor, overseeing a staff of more than 30 journalists in Brussels and in capitals across Europe.
Product offerings will include a website, weekly newspaper, live events and a European version of subscription service, Politico Pro. The latter product, priced at $7,500, generates a third of the company’s revenues, according to a report by The Financial Times.
Shéhérazade Semsar-de Boisséson, owner and publisher of European Voice, will become managing director of Politico’s European outlet and oversee business operations.
"Our ambition is clear─to be Europe’s leading publication on politics and policy, with a newsroom that will be headquartered in Brussels and with a reporting team whose footprint will extend across the continent," says John F. Harris, Politico’s co-founder and editor-in-chief. "This shared ambition is what makes the POLITICO-Axel Springer partnership such a natural team. And it is what made Matt Kaminski and Shéhérazade Semsar-de Boisséson such natural choices for this assignment."