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Axios sells for $525 million, to a company that seemed to be getting out of the media business
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
New York Post / Alexandra Steigrad / Sep 29
“People briefed on the talks said Verizon, headed by CEO Hans Vestberg, appears to be seeking to offload HuffPost to a buyer willing to take a knife to the site’s high operating expenses — a potentially daunting process that would require going head-to-head with the site’s union and enacting ‘massive layoffs,’ sources said.”
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