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International Business Times UK
International Business Times UK
World
Sarah Tan

Politico Caught in Funding Scandal: Did USAID Funnel Taxpayer Money to the Media Giant?

Politico, a political journalism company founded in 2007, has established itself as a major player in political reporting, covering policy and government affairs in the United States and internationally. The organisation, known for its in-depth analysis and breaking political news, was acquired by German media giant Axel Springer in October 2021 for approximately £790 million ($1 billion), a figure that stunned the media industry.

Axel Springer, a publishing powerhouse with deep conservative roots, has long faced scrutiny over its journalistic integrity. The company's flagship German publication, Bild, has frequently been sanctioned by the German Press Council for ethical violations. Critics argue that Politico's new ownership raises concerns about potential shifts in editorial direction, given Axel Springer's historical ties to right-wing political narratives.

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