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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 New York Times / Sheera Frenkel and Mike Isaac / Jun 7
“While Mr. Zuckerberg named Javier Olivan, a longtime executive, to take over Ms. Sandberg’s job when she departs, the importance of the chief operating officer role has diminished at Meta, which was formerly known as Facebook. Mr. Zuckerberg, 38, instead has four executives who have equally large responsibilities and who answer to and run major decisions by him.” LO
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