By ERIC PFANNER
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.
“I don’t believe in the end of journalism,” Mr. Döpfner said. “On the contrary, I think the crisis can have a positive impact. The number of players will diminish, but the strong players may be stabler after the crisis.” (continues @ Nytimes.com)