Explore how to leverage AI to drive growth at Adweek's virtual event Crack the Code: AI For Marketers on July 20. Register for free.
On Monday, the business publisher Axios announced that it had been acquired by the media conglomerate Cox Enterprises for $525 million, marking the beginning of a new era for the publisher whose signature style of bullet-point reporting helped it rise to nationwide prominence just five years after launching.
The acquisition comes at an inflection point in the media industry, as sweeping changes to the digital advertising ecosystem—and the prospect of an impending recession—threaten to upend the brief year of prosperity that followed on the heels of the pandemic.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in