Axios Media Is Acquired By Cox Enterprises

As part of Cox's expansion strategy, it will add more cities, more topics that are national, and more premium content to its lineup.

FREMONT, CA: People's trust in news is a critical mechanism in social cohesion because it is the primary public information source. Media credibility is emphasized due to the growth of new media, which has cannibalized much of traditional media's space in recent years. Axios Media Inc., a business committed to providing essential, reliable news and commentary in the most effective manner, is acquired by Cox Enterprises.

 With a long history in the media, Cox Enterprises is dedicated to scaling and growing Axios into more cities, covering more national issues, and filling more exclusive professional niches. This acquisition, which comes after a prior one made by Cox Enterprises in the fall of 2021, is in line with Cox's continued objective to expand and diversify the business.

"We have found our kindred spirit for creating a great, trusted, consequential media company that can outlast us all. Our shared ambitions should be clear: to spread clinical, nonpartisan, trusted journalism to as many cities and as many topics as fast as possible." says Jim VandeHei, CEO of Axios.

Axios was founded in January 2017 with the premise that covering the subjects influencing the rapidly changing globe required being crisper, more focused, and more effective. The business's Smart Brevity communication strategy is well-known. Journalists created it to highlight the most important news, explain how it will affect readers, and present it clearly and visually.

Axios's co-founders, Jim VandeHei, Mike Allen, and Roy Schwartz, will continue to be involved in its day-to-day business operations and decisions. The Axios communications software division, Axios HQ, will become a separate corporation with the founders as the majority owners and Cox as the lone minority investor. Axios HQ's CEO will be Roy Schwartz, while Jim VandeHei will serve as the board's chairman.