Word: axels
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...Krupp-owned Rheinhausen Steel Works (capacity: 2,300,000 tons a year) has petitioned European Coal & Steel Community for permission to buy Bochumer Verein works (capacity: 1,560,000 tons). Krupp would pay $30 million to $40 million for Bochumer, which is controlled by his good friend, Swedish Millionaire Axel Wenner-Gren...
...edge of the Iron Curtain, Europe's biggest press potentate last week occupied a strategic new foothold. Only nine years after buying his first newspaper, Hamburg-based Publisher Axel C. (for Caesar) Springer prepared to intensify his assault on the Berlin market by moving high-speed presses and an expanded staff into new quarters in the city's bustling Ullstein newspaper plant, home of prewar Germany's largest press empire. Newcomer Springer, who has already swallowed up almost half of the Ullstein papers, was also preparing for the hoped-for day when free newspapers will surge eastward...
Tall, elegantly tailored Axel Springer, 45, owns outright three thriving dailies and two Sunday papers with total circulation of more than five million. They reach their readers in editions published from teletype-linked plants in Berlin, Hamburg, Essen, Frankfurt and Munich. Springer also publishes five magazines (total circ. 4,680,000) that range from the weekly Das Neue Blatt, a sex-spiced gossip sheet, to Hör zu! (Listen!), a TV-radio weekly whose 2,600,000 sales top all other German magazines...
Unlike German publishers of the '30s, who through ambition or complaisance became propaganda tools for Hitler, Axel Springer is an outspoken internationalist and firm friend of the West who believes that his mission, in his own words, is to "help the 'other' Germany, the nonmilitant, peaceful Germany of great scientists, great spirits, great minds." He is also untypical of European publishers in having no apparent political ties or ambition...
Died. Christian Frederik Carl George Valdemar Axel, King Haakon VII, 85, Norway's only ruler since the country became independent in 1905, and the world's oldest reigning monarch; of a respiratory ailment; in Oslo (see FOREIGN NEWS...