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Axios Media

Axios Media

Axios Media is a news media company known for its short-form articles. Axios Media was founded in 2016 by three former staff of Politico.

Overview

Axios Media is a news media company known for its short-form articles, most of which average 300 words or less. The company covers topics like business, politics, technology, science, and sports. Axios Media was founded in January 2017 by three former staff of Politico: Jim VandeHei, Roy Schwartz, and Michael Allen. In August 2022, Axios Media was acquired by Cox Enterprises in a $525 million deal.

Services
Axios HQ

Axios HQ was launched in February 2021 as Axios Media's software as a service (SaaS) business. Axios HQ provides software licensing that includes email templates, an artificial intelligence (AI) editing program, and analytics software. Annual company contracts with Axios HQ start at $10,000. The acquisition of Axios by Cox Enterprises in August 2022 resulted in the spin-off of Axios HQ into a separate company, set to be led by Axios founder Roy Schwartz.

Axios Pro

Axios Pro is a paid subscription to exclusive news content and analysis designed for professionals to succeed in their industries. Axios Pro offers news content in the industries of financial technology (FinTech), health tech, retail, media, and climate. It launched in January 2022. Industry newsletters cost $599 per year individually, or users can pay $1,799 for an All Access option, which includes all five newsletters in the currently offered fields.

Axios Local

Axios Local offers a daily morning newsletter that provides local news from select cities across the United States. Axios Local operates in twenty-four cities and plans to expand to a total of thirty by the end of 2022; the company's ultimate goal is to cover hundreds of cities across the US. So far, Axios Local covers cities such as Boston, Phoenix, Seattle, Dallas, Miami, Philadelphia, Denver, Austin, Raleigh, and Chicago.

Axios on HBO

Axios, which aired on HBO, was a documentary series in which Axios journalists interviewed political leaders and public figures in tech, media, and business. Donald Trump, Joe Biden, Kamala Harris, Andrew Yang, Elon Musk, and Tim Cook were among the show's guests. Axios aired from 2018 to 2021; it amassed four seasons and fifty-seven episodes.

Acquisitions

Axios has acquired news and media organizations, including Sports Internet in 2019, Charlotte Agenda in 2020, and The SF Minute in 2022.

Timeline

August 8, 2022
Cox Enterprises acquires Axios Media in a $525 million deal.
August 8, 2022
Cox Enterprises's acquisition of Axios Media results in Axios HQ's spin-off into its own company.
January 2022
Axios Pro launches.
November 2, 2021
Axios Media raises a $430,000,000 series D round from Cox Enterprises.
February 2021
Axios Media forms Axios HQ, providing software as a service (SaaS) to businesses in the form of writing templates, AI-based editing, and analytics software.
April 2020
Axios Media receives a $4.8 million Paycheck Protection Program (PPP) loan.

Axios returns the loan on April 28 after public backlash.

December 2019
Axios Media raises a $27,000,000 series C round.
November 17, 2017
Axios Media raises a $20,000,000 series B round from Emerson Collective, Greg Penner, Greycroft Partners, Lerer Hippeau, NBCUniversal and WndrCo.
January 2017
Axios Media is founded.
2016
Axios Media raises a $10,000,000 series A round from Greycroft Partners, Lerer Hippeau and NBC News.

Funding Rounds

Acquisitions

Patents

Further Resources

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Author
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Axios Podcasts

Web

References

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