August Scherl

August Hugo Friedrich Scherl founded a newspaper and publishing concern on 1 October 1883, which from 1900 carried the name Scherl Verlag. He was editor of the Berlin Local Advertiser (Berliner Lokal-Anzeiger) since 3 November 1883, and his publishing house started the weekly magazine Die Woche (The Week) in 1899. In 1904 he took over publication of the widely popular magazine Die Gartenlaube. As a result, his publishing company had the largest circulation of any in Germany at the time. In 1909 he developed a monorail system for Germany in his book A New Rapid Transit System. His expensive newspaper projects were not economically successful, so in 1913, Scherl informed Chancellor Bethmann-Hollweg that he was going to sell his company's shares. The company was eventually purchased by Simon Alfred Franz Emil von Oppenheim and the Cologne financier Louis Hagen of Deutscher Verlagsverein with financing of 8 million marks. On February 5, 1914, Scherl resigned from the management, selling his shares in the German Publishers Association. His nationwide newspaper empire was taken over by Alfred Hugenberg in 1916, and later by Max Amann (Franz-Eher-Verlag).