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The once popular and proud magazine that calls itself 'Sturmgeschütz der Demokratie' (assault gun of democracy) has been struggling for some time now. The official statement for this drastic step reads as follows:
'...For the future of quality journalism it is important not only to print articles that have been comprehensively researched and well written but also to sell them digitally and not to give them away for free...'
Some of the lies of their Moscow correspondent Benjamin Bidder I have covered on Russia Insider and Europe-insider.
So their current situation is just a result of their dishonest and manipulative journalism. Therefore their official statement reads rather like satire then a serious assessment of their current situation.
Personally I am very sad about the developments at Der Spiegel. I started reading Der Spiegel at the age of sixteen and I was very proud to be part of the 'Sturmgeschütz der Demokratie' community. So I am also one of the readers Der Spiegel has lost.