🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Axel Springer's Politico plans U.S., Europe expansion - CEO

Published 01/11/2023, 05:12 AM
Updated 01/11/2023, 05:17 AM
© Reuters. FILE PHOTO: The logo of German publisher Axel Springer is pictured in front of the company's headquarters in Berlin July 25, 2013.  REUTERS/Fabrizio Bensch/File Photo

BERLIN (Reuters) - Politico plans to expand in its home market of the United States as well as Europe as part of a five-year plan focusing more on regional policy-making centres, the chief executive of the news website said in comments seen by Reuters on Wednesday.

CEO Goli Sheikholeslami said that in the U.S., more policy-making was happening at the state level as a result of political turmoil and polarisation in Washington, in comments to an internal podcast of its parent company, German publisher Axel Springer.

"And so, we see the opportunity to expand what we do to other geographies within the United States," Sheikholeslami said, adding that the first step would be focusing on California and New York before looking at potential states after that.

© Reuters. FILE PHOTO: The logo of German publisher Axel Springer is pictured in front of the company's headquarters in Berlin July 25, 2013.  REUTERS/Fabrizio Bensch/File Photo

In Europe, where Politico has a dominant position in Brussels with European Union coverage, the CEO said Politico also saw opportunities to expand in the UK, France and Germany, as well as other European markets.

"Our big focus next year will be an expansion into the UK," she said, adding: "It is about expanding and connecting more and more power centres."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.