Axel Springer Names CEO of Growing US Business

Reuters: German publisher Axel Springer has appointed Jens Mueffelmann as head of its U.S. business, a new post created in recognition of the growing importance of the market. Springer, which narrowly missed buying the Financial Times from Pearson three months ago, has ambitions to become a major force in English-language publishing. It bought U.S. news website Business Insider last month.