From a Wall Street Journal story by Bojan Pancevski headlined “Axel Sprinter to Restructure Its German Business as It Shifts Focus to U.S.”:

The German owner of Politico and other U.S. outlets announced a restructuring of its domestic operation, floated potential disposals and unveiled plans for a new headquarters in New York City as it shifts its focus to the U.S.

Axel Springer SE, one of Europe’s largest news organizations and the only one with a major U.S. presence, said it would slim down its corporate structure in Germany and phase out the print editions of its publications as it seeks to become a leading digital-only publisher.