Axel Springer Ag operates in the Newspapers sector. Axel Springer AG is a Germany-based media company that is engaged in publishing newspapers and magazines, as well as the operation of digital sales channels. The Company's business activities are divided into the five business segments Newspapers National, which includes German newspapers and advertising supplements; Magazines National, that encompasses magazines distributed in Germany; Print International, comprising newspapers and magazines published outside Germany; Digital Media segment, which encompasses all online activities in Germany and abroad, such as the portals of BILD Group and WELT Group, as well as the activities and investments in the television and radio sector; and Services/Holding segment, consisting of the Company's own newspaper printing plants. As of December 31, 2010, the Company had 119 subsidiaries, including 64 outside of Germany. Through its subsidiaries, joint ventures and licenses, Axel Springer AG is represented in a total of 35 countries. In
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