Axel Springer has agreed to acquire Bisnow, adding the events and editorial business to a new US-focused division that will sit alongside Morning Brew.
The deal underscores Axel Springer’s drive to expand its business-to-business footprint in the US, betting on events and specialist newsletters as more resilient revenue streams at a time when advertising markets remain volatile and AI is reshaping digital publishing.
Bisnow will join Morning Brew Inc in the newly created Brew Media Group, led by Robert Dippell, who will remain Morning Brew’s chief executive while overseeing the combined unit. Both brands will continue to operate independently within the group.
Founded in 2005, Bisnow runs a hybrid model of journalism, newsletters and in-person events. The company stages more than 400 live events a year across 47 markets in the US, Canada, the UK, Ireland and the Netherlands, publishes more than 70 newsletters and reaches about 1.7 million subscribers. Axel Springer described the business as profitable. A person familiar with prior fundraising told The Real Deal that Bisnow generated roughly $40m in revenue around 2023, with about three quarters derived from events.
The seller is Wicks Group, which bought Bisnow in 2016 for $50m. Axel Springer did not disclose the purchase price. The transaction closed on Monday.
Bisnow’s senior management will remain in place. Gregg Mayer, the company’s chief executive, said: “This moment is a testament to the extraordinary work of our team and the strength of the Bisnow brand around the world. Axel Springer recognizes not only our performance and leadership in commercial real estate, but also the culture, entrepreneurial drive, and industry relationships that set us apart.”
Claudius Senst, Axel Springer’s chief operating officer, said the acquisition strengthens the group’s B2B capabilities and event-led products.
Axel Springer has expanded aggressively in English-language markets in recent years, including earlier acquisitions of Business Insider and Morning Brew. The creation of Brew Media Group signals further US ambitions across events, newsletters and digital tools.
Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The acquisition of Bisnow by Axel Springer was announced on March 3, 2026, with the transaction closing on March 2, 2026. ([therealdeal.com](https://therealdeal.com/national/2026/03/03/axel-springer-buys-re-media-company-bisnow/?utm_source=openai)) This is the earliest known publication date for this news, indicating high freshness. The narrative does not appear to be recycled or republished from low-quality sites or clickbait networks. ([prnewswire.com](https://www.prnewswire.com/news-releases/brighttower-advises-b2b-media-and-events-company-bisnow-in-sale-to-axel-springer-302702616.html?utm_source=openai))
Quotes check
Score:
8
Notes:
Direct quotes from CEO Gregg Mayer and COO Claudius Senst are included in the article. ([therealdeal.com](https://therealdeal.com/national/2026/03/03/axel-springer-buys-re-media-company-bisnow/?utm_source=openai)) However, these quotes cannot be independently verified through other sources, raising concerns about their authenticity. ([prnewswire.com](https://www.prnewswire.com/news-releases/brighttower-advises-b2b-media-and-events-company-bisnow-in-sale-to-axel-springer-302702616.html?utm_source=openai))
Source reliability
Score:
7
Notes:
The primary source, Talking Biz News, is a niche publication focusing on media industry news. While it provides timely reporting, its limited reach and potential biases may affect the reliability of the information. ([prnewswire.com](https://www.prnewswire.com/news-releases/brighttower-advises-b2b-media-and-events-company-bisnow-in-sale-to-axel-springer-302702616.html?utm_source=openai))
Plausibility check
Score:
9
Notes:
The acquisition aligns with Axel Springer’s strategy to expand its U.S. footprint, as evidenced by previous acquisitions like Business Insider and Morning Brew. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Axel_Springer_SE?utm_source=openai)) The reported figures, such as Bisnow hosting over 400 live events annually and reaching more than 1.7 million subscribers, are plausible and consistent with industry standards. ([therealdeal.com](https://therealdeal.com/national/2026/03/03/axel-springer-buys-re-media-company-bisnow/?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
While the acquisition of Bisnow by Axel Springer is plausible and aligns with the company’s expansion strategy, the reliance on a press release and the inability to independently verify direct quotes and specific figures raise concerns about the content’s reliability and objectivity. ([prnewswire.com](https://www.prnewswire.com/news-releases/brighttower-advises-b2b-media-and-events-company-bisnow-in-sale-to-axel-springer-302702616.html?utm_source=openai))
