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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.
The Daily Beast / Maxwell Tani / Mar 9
“Polgreen departed The New York Times to join the left-leaning news outlet in 2016, becoming the site’s second editor-in-chief following the departure of founding editor Ariana Huffington. Under Polgreen’s tenure, the site relaunched with a new mission to ‘to tell the stories of people who have been left out of the conversation,’ but also faced financial challenges, shedding a significant number of staff in company-wide layoffs.”
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