FRANKFURT (Reuters) - Germany's Axel Springer , Europe's largest newspaper publisher, is targeting at least 20 million euros ($26 million) of savings in a restructuring plan, its chief executive was quoted as saying.
Chief Executive Mathias Doepfner told Sueddeutsche Zeitung in an interview on Saturday that structural changes in the media industry had brought a decline in advertising and circulation at its key Bild newspaper in the "high one-digit percentage range".
"It would be negligent if one did not respond to that. The board will still have to decide what the restructuring will look like," he said.
Asked to confirm that the company planned to cut costs by 20 million euros, Doepfner replied: "At least."
He said the company planned to invest around 100 million euros to push forward the integration of its print and online businesses
"What that means for Bild is still open," he added.
Bild is Germany's top-selling newspaper.
Der Spiegel magazine reported in May that Axel Springer had drawn up plans to save 20 million euros under which up to 200 staff would be paid off.
($1 = 0.7693 euros)
(Reporting By Marilyn Gerlach; Editing by David Cowell)
CHORZOW (Reuters) - Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signaling it will not sacrifice growth to spending cuts.
The former communist country has posted nearly two decades of uninterrupted growth but its economy began to slow sharply last year and growth fell to near zero in the first quarter of 2013.
Tusk said the government would be flexible in its approach to economic growth.
"We will save but in a way that economic growth in Poland will be stronger than in the last months," Tusk said at his Civic Platform party congress in southern Poland.
Poland announced in April it would not succeed in cutting its budget deficit this year below a target of 3 percent of gross domestic product required by the European Union, leaving the country in the bloc's excessive deficit procedure for another two years.
Poland expects its deficit to be 3.5 percent this year and come closer to 3.0 percent in 2014.
The economic slowdown has hit support for Tusk's government and his Civic Platform (OP) party lags its main rival, the conservative Law and Justice (PiS), in opinion polls for the first time in years.
The PO congress is expected to set a date for party leadership elections later this year.
Tusk will be challenged by former justice minister Jaroslaw Gowin but many observers say the prime minister is unlikely to be defeated.
(Reporting by Pawel Sobczak, Writing by Dagmara Leszkowicz; Editing by David Cowell)
WASHINGTON (AP) — President Barack Obama is trying to frame climate change as a make-or-break political issue, urging Americans to vote only for those who will protect the country from environmental harm.
He says people in the United States already are paying a price for climate change, including in lost lives and hundreds of billions of dollars.
"If you agree with me, I'll need you to act," Obama said in his weekly radio and Internet address. "Remind everyone who represents you, at every level of government, that there is no contradiction between a sound environment and a strong economy — and that sheltering future generations against the ravages of climate change is a prerequisite for your vote."
In his remarks released Saturday but recorded at the White House before his trip to Africa, Obama is trying to persuade the public to help sell his climate change plan for him.
That plan, released last week, is bypassing Congress after years of efforts to get lawmakers to pass legislation to deal with the issue.
At the core of Obama's plan are new controls on new and existing power plants that emit carbon dioxide, heat-trapping gases blamed for global warming. The program is intended to boost renewable energy production on federal lands, increase efficiency standards and prepare communities to deal with higher temperatures.
None of the measures in Obama's plan requires congressional action.
Republicans and some Democrats have denounced the plan as a job-killing "war on coal," and opponents could try to undercut Obama's plan or hinder it through legal action if Americans don't seem to be on board.
"The question is not whether we need to act. The question is whether we will have the courage to act before it's too late," Obama said.
Obama has also pledged that the U.S. will lead other nations in a "coordinated assault" to reduce pollution. But he acknowledged Saturday in a town hall meeting with young people in Johannesburg that the U.S. and other wealthy countries must shoulder a disproportionate part of the burden.
His proposal to cut off U.S. subsidies for coal-fired power plants overseas, for example, includes exemptions for the poorest countries where no better technology is available.
"The United States cannot do it by itself," Obama said in South Africa. "I expect it's going to be your generation that helps lead this, because if we don't, it's going to be your generation that suffers the most."
In the Republican address, Sen. Pat Roberts of Kansas says there are troubling, unanswered questions about the implementation of Obama's health care law.
"We must put an end to the fear and uncertainty," Roberts says. "Those 'bumps' and 'glitches' the president talks about? It's a train wreck, folks, and we have to get America out of the way."
AP White House Correspondent Julie Pace in Johannesburg contributed to this report.
Reach Josh Lederman on Twitter at http://twitter.com/joshledermanAP