04/30/2009 05:12 am ET | Updated May 25, 2011

European Newspapers Thriving While Americans Struggle

PARIS -- As the death toll in the American newspaper industry mounted this month, the German publisher Axel Springer, which owns Bild, the biggest newspaper in Europe, reported the highest profit in its 62-year history.

At Springer's headquarters in Berlin, there has been no desperate talk of how to survive the recession and the digital revolution. Instead, Mathias Döpfner, Springer's chief executive, said he was looking for opportunities to expand, scouting around for acquisitions in Germany, Eastern Europe and maybe -- in what would be a first for the company -- the United States.

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