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Axios Media is sold to Cox Enterprises
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One of the buildings of the Cox Communications campus is surrounded by foliage in Atlanta on, Aug. 2, 2004. Cox Enterprises, which owns Cox Communications, is buying Axios Media for $525 million as it looks to grow and diversify its business. Cox, which became an investor in Axios last year, said Monday Aug. 8, 2022, that it will look to expand Axios into more cities, while having it cover more national topics and serve more premium niches for professionals. - photo by AP Photo/Ric Feld, File
NEW YORK (AP) — Axios Media is being acquired by Cox Enterprises, which said Monday that it plans to push the online news provider into new markets while broadening its coverage. Axios, citing sources, reported that the deal is worth $525 million. Cox, a conglomerate whose other media companies include The Atlanta Journal-Constitution and Dayton Daily News, first became an investor in Axios last year.