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Its acquisition of publications like Politico and Business Insider, which it bought for $442 million in 2015, is a major part of that strategy. To continue building a 21st-century audience, it had been seeking to channel populism at home amid a surge in right-wing European media while capturing a new global online generation. Today, its largest shareholder is the American private equity firm KKR. Reichelt has denied abusing his authority, and didnвЂ™t respond to an email seeking comment.ДЄxel Springer is a German media giant that forged its identity as an anti-Communist stalwart in the Cold War. ReicheltвЂ™s replacement, Johannes Boie, would combine вЂњjournalistic excellence with modern leadership.вЂќ Mr. Reichelt for his journalistic leadership and for launching Bild-Tv, a new television station in the combative style of American cable news. DГ¶pfner, in a statement, also praised Mr.

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Reichelt had вЂњnot clearly separated private and professional matters,вЂќ and had misled the board.

ReicheltвЂ™s behavior to the editorвЂ™s divisive politics, casting him as a bulwark against a return of Communist-style oppression in the guise of Covid rules. DГ¶pfner seemed to link the scrutiny of Mr. In a text message to a friend obtained by The Times, Mr. ReicheltвЂ™s conduct found, and how the chief executive, Mathias DГ¶pfner, responded to the investigation. Axel Springer faced pressure in the United States and Germany to explain two recent revelations: What the investigation into Mr. The dismissal marked the belated arrival of the global #MeToo movement at Axel Springer - and it came as the German company is making significant investments in the American market, including its acquisition this summer of Politico for $1 billion. Reichelt had abused his position to pursue relationships with several women on his staff. Reichelt was ousted, the newsmagazine Der Spiegel published allegations that Mr. ReicheltвЂ™s relationship with a trainee, who testified during an independent legal investigation that in 2018 he had summoned her to a hotel near the office for sex and asked her to keep a payment secret. GermanyвЂ™s most powerful newspaper removed its top editor Monday after months of defending his sexual relationships with women in the workplace as the scandal began to envelop the paperвЂ™s globally ambitious parent company, Axel Springer.Д«ild, a center-right tabloid that has fed popular anger at Chancellor Angela Merkel and her Covid-19 restrictions, dismissed the editor in chief, Julian Reichelt, after The New York Times reported on details of Mr.

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