CEO of Politico’s parent company to Trump: ‘It’s not subsidies; it’s capitalism’
CNN
The chief executive of Politico’s parent company pushed back hard against the Trump administration’s false conspiracy theory about the publication, telling CNN that Politico has never accepted any form of federal funding.
The chief executive of Politico’s parent company pushed back hard against a debunked right-wing conspiracy theory that has been buoyed by the Trump administration concerning the publication, telling CNN that Politico has never accepted any form of federal funding. “Politico, since its launch 18 years ago, has never taken a cent of government subsidies or state funding,” said Mathias Döpfner, CEO of Axel Springer, in a yet-to-air interview with CNN’s Fareed Zakaria. Döpfner, who owns a 22% stake in the German publishing giant, called the Trump administration’s claims that Politico had accepted USAID funding “absolutely wrong.” Döpfner said a bogus far-right conspiracy theory claiming Politico has received over $8 million in USAID funds was a “fundamental misunderstanding” of the outlet’s business model. “So, people are paying for that [Politico Pro] because they need the service,” Döpfner said. “It’s not subsidies, it’s capitalism.” Politico offers much of its content for free, but it also offers a premium subscription model — Politico Pro — which comes with a hefty price tag. Its free offering is aimed at a wider audience, and the outlet’s premium subscription, which offers real-time data and legislative analyses, primarily caters to the private sector and government officials. Politico Pro currently includes some 5,000 subscribers, around 6% of which are government subscribers, per Döpfner. And of that 6%, “a tiny little fraction” is from USAID subscribers, he said.
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