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Cox Enterprises, owner of The Atlanta Journal Constitution and Dayton Daily News has agreed to buy Axios Media, political news and analysis site, for $525M.
Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will continue to lead the editorial and day-to-day operations of the site that launched in 2017.
VandeHei called Cox Enterprises, which was founded in 1898, “a kindred spirit for creating a great, trusted, consequential media company that can outlast us all."
Cox Enterprises CEO Alex Taylor said Axios “plays a critical role in delivering balance, trusted news that people need.” His company looks forward to helping Axios scale and grow.
Axios, which has more than 500 employees, owns 19 newsletters, a website and podcasts.
Its Axios HQ communications software arm will be spun off as an independent company.
Germany’s Axel Springer publishing giant had tried to acquire Axios last year but the deal fell through.
Axel Springer bought Politico in 2021 for $1B. VandeHei, Allen and Schwartz are veterans of Politico.
Cox Enterprises invested in Axios last fall.
Fox News Media issued a pretty sparse release to announce the departure of one of its stars. “Effective today, Maria Bartiromo is no longer with FOX News Media,” it reads.
Brunswick Group partner John Simons has joined CNN as senior director of business & media. He held top jobs at Time and the Wall Street Journal.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
