Mecom’s sale of its German newspapers will allow the company run by David Montgomery to pay off around one-quarter of its â‚¬650m net debt.

Mecom is selling Berliner Zeitung and the Hamburger Morgenpost for €152m.

You might be inclined to think of this as an object lesson for Mr Montgomery. After all, he cumulatively laid out some €200m to break into the German market.

Mecom’s sale of its German newspapers will allow the company run by David Montgomery to pay off around one-quarter of its â‚¬650m net debt.

Mecom is selling Berliner Zeitung and the Hamburger Morgenpost for €152m.

You might be inclined to think of this as an object lesson for Mr Montgomery. After all, he cumulatively laid out some €200m to break into the German market.