What the sale of Axios may mean for Boston news consumers

See correction below.

What will the sale of Axios mean for Boston news consumers? It’s too early to tell. But there are a couple of intriguing tidbits that emerged from the news that the digital startup will be acquired by Cox Enterprises for $525 million, a story first reported by Ben Mullin of The New York Times.

First, the sale appears to be good news for Axios Local. According to Rick Edmonds of Poynter Online, Cox isn’t looking to walk away from the local newsletters it’s been building out in order to concentrate on national politics. Instead, Cox wants to accelerate the growth of Axios Local. “Our goal of 100 cities is in reach,” publisher Nick Johnston told Edmonds. “I have a list of 384 metropolitan areas in my office, and we cross them off one by one.”

Second, Cox already owns is a minority owner of WFXT-TV (Channel 25) in Boston, the home of Boston 25 News. Two months ago, Axios launched a Boston newsletter produced by veteran journalists Mike Deehan and Steph Solis. Although I’m in no position to know what the strategy will be moving forward, it’s not difficult to imagine Axios Boston amplifying big stories from Boston 25, or featuring Deehan and Solis on its newscasts.

Of course, you should always follow the money. Jim VandeHei, Mike Allen and John Harris never had an opportunity to cash in after they left The Washington Post to found Politico in 2007. VandeHei and Allen were the marquee names who left Politico in 2016 to start Axios (Harris stayed behind). Monday was their big payday.

By the way, Ellen Clegg and I interviewed Deehan recently on the “What Works” podcast, so please give it a listen.

Correction/clarification. Axios has been acquired by Cox Enterprises, which spun off its television and radio stations to the hedge fund Apollo Global Management a couple of years ago. Those stations now do business as Cox Media Group. But wait: Cox Enterprises continues to hold an ownership stake in Cox Media Group, including Boston 25. Earlier this year, it was announced that Cox Media would sell Boston 25, but it’s unclear whether Cox Enterprises would keep its minority stake. So what I said above could still happen, but it’s a lot more complicated than I had realized.

Mike Deehan of Axios Boston talks about the debut of the mobile-first Axios Boston

Mike Deehan

On this week’s “What Works” podcast, Ellen Clegg and I talk with Mike Deehan, a savvy Boston journalist who is part of the new Axios Boston newsletter. Mike’s colleague at Axios Boston, Steph Solis, was scheduled to join the discussion but was out reporting on reaction to the Supreme Court’s decision to overturn Roe v. Wade.

Deehan and Solis have been reporting on Massachusetts news and politics for a number of years. Mike was formerly digital content editor for State House News Service, editor of Massterlist, and worked for the Dorchester Reporter. Steph worked for Masslive and was an immigration reporter for the USA Today Network. The Axios Boston debut was newsy and a perfect smart-phone scroll for subway reading, whether the MBTA is running or not.

Steph Solis

I’ve got a Quick Take on the soaring cost of newsprint. Print is still important to the bottom line at most newspapers, and this turns out to be one more blow to local news. Ellen looks at a new rural news network being set up through the Institute of Nonprofit News.

You can listen to our conversation here and subscribe through your favorite podcast app.