![]() ![]() Content is distributed via newsletters covering politics, technology, healthcare, and other subjects. Its NBC Universal partnership has featured co-founder Mike Allen on MSNBC's show Morning Joe. Reporters have made appearances on television news on NBC News and MSNBC through a deal with NBC. Content Īxios 's content is designed for digital platforms, such as Facebook and Snapchat, as well as its own website. In March 2023, Axios fired Ben Montgomery, a Pulitzer Prize finalist, after he described a press release about a Ron DeSantis event "exposing the diversity equity and inclusion scam in higher education" as "propaganda" in an email reply. The acquisition was completed the next month. According to the deal, Cox owns 70% of the company, while Axios employees and its founders retain ownership of the remaining 30%. On August 8, 2022, Axios announced that it had been sold to Cox Enterprises for $525 million. In May 2021, The Wall Street Journal reported that merger discussions between Axios and The Athletic had ended, with The Athletic opting to pursue a deal with The New York Times. In January 2021, the company announced Axios Local, a project that aims to "bring smart, modern, trustworthy local news to every community in America" by providing a platform for local contributors, starting with a rollout in 14 locations and reaching 25 by mid-2022, all major U.S. In September 2020, The Wall Street Journal reported that Axios was on track to be profitable in 2020 "despite the economic turmoil stemming from the coronavirus that led to broad layoffs and pay cuts at many media outlets". It later returned the money, with VandeHei explaining that the loans had become "politically polarizing". In July 2020, Axios received $4.8 million in federal loans from the Paycheck Protection Program for salary replacement during the COVID-19 pandemic. In March and April 2019, HuffPost and Wired reported that Axios had paid a firm to improve its reputation by lobbying for changes to the Wikipedia articles on Axios and Jonathan Swan. ![]() The same month, it said it would use a new $20 million investment to expand data analysis, product development, fund audience growth, and increase staff to 150, up from 89. As of November 2017, Axios said it had 200,000 subscribers to 11 newsletters, with an average open rate of 52 percent. Axios had 6 million visitors in September 2017, according to comScore. As of March 2017, the company said it had 60 employees with 40 working in editorial. In January 2017, Axios hired as an executive vice president Evan Ryan, the Assistant Secretary of State for Educational and Cultural Affairs and a former staffer for Vice President Joe Biden. Its advertisers include Exxon Mobil and Koch Industries. It earned more than $10 million in revenue in its first seven months. Axios generates revenue through short-form native advertising and sponsored newsletters. It planned to focus on "business, technology, politics, and media trends". ![]() The company had raised $30 million as of November 2017. Backers include media-partner NBC News, Laurene Powell Jobs' Emerson Collective, Greycroft Partners, and David and Katherine Bradley, owners of Atlantic Media. In the summer of 2016, Axios secured $10 million in a round of financing led by Lerer Hippeau Ventures. At launch, Nicholas Johnston, a former managing editor at Bloomberg L.P., was named editor-in-chief. VandeHei said Axios would focus on the "collision between tech and areas such as bureaucracy, healthcare, energy, and the transportation infrastructure". The company initially covered a mix of business, politics, technology, health care, and media. VandeHei said he wanted Axios to be a "mix between The Economist and Twitter". On September 1, 2022, Cox Enterprises completed its acquisition of Axios. In addition to news articles, Axios produces daily and weekly industry-specific newsletters (including Allen's Axios AM, a successor to his newsletter Politico Playbook for Politico), and two daily podcasts. Īxios 's articles are typically brief and matter-of-fact most are shorter than 300 words and use bullet points, making scanning easier. The site's name is based on the Greek: ἄξιος ( áxios), meaning "worthy". It was founded in 2016 and launched the following year by former Politico journalists Jim VandeHei, Mike Allen, and Roy Schwartz. Axios (stylized as ΛXIOS) is an American news website based in Arlington, Virginia. ![]()
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