Mediagazer: German publisher Axel Springer sells regional papers, magazines in $1.2 billion deal (Associated Press)

12:10 PM ET, July 25, 2013

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Associated Press:

German publisher Axel Springer sells regional papers, magazines in $1.2 billion deal — BERLIN — Axel Springer AG, one of Germany's most prominent publishers, is selling two regional newspapers as well as its television and women's magazines in a 920 million-euro ($1.2 billion) deal that will allow it to focus on its main titles.

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