"The new structure is intended to position all business areas optimally for future growth potential and success in their respective markets," said Axel Springer.
"As it splits its media and classifieds operations, almost 98% of the media businesses will be owned by Dopfner and Friede Springer, making it a family-owned company for the first time since its IPO in 1985."
"Dopfner, who has been Axel Springer's CEO since 2002, is focusing on the US, where Springer hopes to grow and become a major publisher."
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