Business Insider opens Mexico site

Business Insider opened a website in Mexico as others have closed their media operations in that country, reports Hanaa Tameez of Nieman Lab.

Tameez writes, “Business Insider launched a new Mexico edition today — as first reported by the Mexican business newspaper El Economista last month — making it the first of its dozen-plus international editions to focus on Latin America. It plans to cover business and innovation in Mexico as it relates to Business Insider’s broader mission of ‘better capitalism.’ It starts off with a staff of 15, including reporters, editors, video producers, graphic designers, and a community manager.

“Business Insider and its general news sister site Insider fall under the larger Insider Inc. umbrella, which is owned by the European digital publishing house Axel Springer. Capital from Springer has fueled BI’s international expansion since it bought the company in 2015.

“‘We arrive in Mexico with the certainty that our journalism is a determining factor in the migration towards a better capitalism and a more inclusive economy, one in which we all have a seat at the table. We are interested in sharing stories by and for Mexicans who share these convictions,’ Antonio Castañeda, CEO of Business Insider Mexico’s license partner Mediasurf, said in a release.”

Read more here.