ajc.com/news/cox-enterprises-acquires-media-startup-axios/RALWL4QYDNAZ7A2M4X4C3ATJ54
Cox purchased a minority stake in Axios last year and the relationship evolved. Cox was founded in 1898 by Ohio Gov. James M. Cox and his purchase of the Dayton Daily News. Cox is one of the nation’s largest family-controlled companies with annual revenue of more than $20 billion.

Cox has owned and operated newspapers, including the AJC, and television and radio stations for decades. The Axios deal thrusts Cox back into the national media landscape at a time when the company has sought to overhaul and diversify its businesses. In recent years, Cox sold majority stakes in its television andRadio stations, though it maintains minority shares.

Cox CEO Alex Taylor said Axios is a natural fit for a family company founded in journalism more than a century ago. Taylor said there might be opportunities for the media companies to collaborate, but there are no plans to integrate the businesses. Cox also operates broadband giant Cox Communications, automotive businesses including AutoTrader and has forged into new...

Cox: "The Fourth Estate is more important now than ever" in this era of political polarization. "We have found a kindred spirit for creating a great, trusted media company," he says. Cox: "We are in this for the long haul, not the short term"

The global media landscape has undergone a seismic shift in the past few decades. Newsrooms have pivoted to digital while still weighted with legacy operations and costs. The disruption has opened the door to new entrants, such as Axios and sports-centered publications like The Athletic.
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