German media giant Axel Springer is splitting up its activities, separating the media division and its digital classifieds portfolio, the company said on Thursday. The media division is set to become a family-run company owned by Friede Springer and Mathias Döpfner. It is to be run separately from the job and real estate platforms, Axel Springer said. The plans are subject to regulatory approvals, with the transaction expected to take place in the second quarter of 2025. Under the move, the media businesses, encompassing outlets from Politico and Business Insider to Germany’s Bild and Welt new…