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The Guardian - US
The Guardian - US
World
Edward Helmore

US news website Axios agrees $525m sale to Cox Enterprises

Axios Cox Enterprises United States Jim VandeHei Dayton Daily News
Cox’s history in media dates back to 1898, when founder James Middleton Cox bought what is now the Dayton Daily News for $26,000.
Cox’s history in media dates back to 1898, when founder James Middleton Cox bought what is now the Dayton Daily News for $26,000. Photograph: Ric Feld/AP

For $525m, Axios – publisher of punchy, notated news briefs – is set to be acquired by Cox Enterprises, a legacy publisher that owns a series of US regional newspapers.

The cash deal, announced Monday, is expected to close in the next few weeks and marks a significant moment in the growth of the news outlet, which was founded in 2016 by the same journalists who launched Politico in 2007.

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