CEO of Politico’s parent company to Trump: ‘It’s not subsidies; it’s capitalism’ | CNN Business

CNN  — 

The chief executive of Politico’s parent company pushed back hard against a debunked right-wing conspiracy theory that has been buoyed by the Trump administration concerning the publication, telling CNN that Politico has never accepted any form of federal funding.

“Politico, since its launch 18 years ago, has never taken a cent of government subsidies or state funding,” said Mathias Döpfner, CEO of Axel Springer, in a yet-to-air interview with CNN’s Fareed Zakaria. Döpfner, who owns a 22% stake in the German publishing giant, called the Trump administration’s claims that Politico had accepted USAID funding

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