Why is Axios a great company?

“This is great for Axios, for our shareholders and American journalism. It allows us to think and operate generationally, with a like-minded partner — and build something great and durable that lives long after we are gone,” Axios CEO Jim VandeHei said.

Is Axios a mix of the economist and Twitter?

Axios co-founder and CEO Jim VandeHei has described the outlet as a mix between The Economist and Twitter. Although Axios' owners and investors are publicly known and some of their political leanings may be apparent, the Axios team of journalists strives to be nonpartisan in its reporting.

Why did Cox acquire Axios?

On September 1, 2022, Cox Enterprises completed its acquisition of Axios. VandeHei said he wanted Axios to be a "mix between The Economist and Twitter ". The company initially covered a mix of business, politics, technology, health care, and media.

Does Axios still own the Atlanta Journal-Constitution?

Cox sold a majority stake in its local TV and radio businesses to private equity firm Apollo Global Management in 2019. The Atlanta-based company still owns the Atlanta Journal-Constitution. The big picture: Axios is one of a tiny handful of digital news startups that have sold for more than $500 million in enterprise value in the past decade.