I interrupt this regular Briefing—which will once again be brought to you by Martin Peers next week when he returns from vacation—with a dispatch from the land of the news media, which seemed to be on fire Thursday.
German media company Axel Springer agreed to buy Politico in a deal worth more than $1 billion. Forbes is preparing to go public via a SPAC. Vice, which may or may not ever go public via a SPAC, had layoffs.
The first development is the one that interests me most. I’ve long admired Politico. It’s a fabulous example of journalistic excellence and business savvy. I hope and believe its continued legacy will be strong.