The Press: Germany's Press Lord

When the British decided to sell Die Welt, Hamburg's influential daily (present circ. 200,000) they had started at war's end, more than 16 German bidders tried to buy the paper, including one who was a close friend of Chancellor Konrad Adenauer. But the British were choosy. Last week they found a buyer who suited them. For an estimated $1,000,000 the High Commissioner recommended sale of Die Welt to Axel C. (for Caesar) Springer, who would thereby become the biggest publisher on the continent with control of about 15% of the circulation of West...

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