In the early 21st century, 78% of the population regularly read one of Germany's 1200 newspapers, most of which are now online. The heavily illustrated tabloid "Bild" had the largest circulation in Europe, at 2.5 million copies a day. It is published by Axel Springer AG, which has a chain of newspapers. Today, the conservative leaning "Frankfurter Allgemeine Zeitung (FAZ)" has the highest reputation; its main competitors are the left-wing "Süddeutsche Zeitung" (Munich) and liberal-conservative "Die Welt". Influential weekly opinion papers include "Die Zeit", and until it closed in 2010, "Rheinischer Merkur".