Axios Buys Charlotte Agenda in $5 Million Deal, Reports Say | Beaufort County Now | Digital media company Axios has bought the Charlotte Agenda. | carolina journal, axios, charlotte agenda, buyout, december 18, 2020

Coronavirus Disease 2019 (COVID-19)

Axios Buys Charlotte Agenda in $5 Million Deal, Reports Say

Publisher's Note: This post appears here courtesy of the Carolina Journal. The author of this post is CJ Staff.

    Digital media company Axios has bought the Charlotte Agenda.

    The acquisition is part of Axios' recently announced plan to expand into local markets, the Business Journals reported, referencing a story from The New York Times.

    The deal is for about $5 million, the Times reports. The online-only Agenda will be called Axios Charlotte, reports on the deal say. Publisher Ted Williams and former Creative Director Katie Levans, who moved on from the publication last year, founded the Agenda, the Journals say. This includes a 14-person staff, which, according to the Agenda website, produces daily online stories, a daily newsletter, and an annual city guide

    Axios' expansion to local news includes four other cities — Tampa, Denver, Minneapolis and Des Moines — using Williams' approach in Charlotte as a model, the Journals say.

    "If this works in these five cities, particularly if we can replicate the business success of Charlotte, we will move fast to scale it to as many cities as humanly possible," Axios cofounder Jim VandeHei told the Times.

    Axios, writes the Agenda, "is a national media company focused on making readers smarter, faster, while covering topics that matter: politics, tech, business, media."

    "In 2017," the Times says, the Agenda "generated $1.3 million in revenue and pretax profit of more than $400,000, according to two people with knowledge of its finances who were not authorized to speak publicly on the matter."


HbAD0

Latest Op-Ed & Politics

Today, Governor Roy Cooper and North Carolina Department of Health and Human Services (NCDHHS) Secretary Dr. Mandy Cohen visited a large-scale vaccine site at UNC-Chapel Hill’s Friday Conference Center to witness health care workers and North Carolinians over age 65 receive the COVID-19 vaccine.
On Saturday, December 12, 2020 at about 5:00 pm Beaufort County Deputies were called to check the welfare of a woman living at 1117 NC 171 Hwy N, Washington.
Democrats think they’ve found in Georgia the winning strategy to transform North Carolina from a battleground state to a solidly blue state.
I have strong opinions — but not about how to perform brain surgery, write a smart-phone app, design a golf course, or produce a hip-hop album.
As he nears inauguration this week, President-Elect Joe Biden has proposed a $1.9 trillion relief package.
Get your batsuit and hang tight with the Wolfman as we enter into Gotham City for battle.
Will Europe be a harbinger of things to come in America

HbAD1

With the U.S. Supreme Court shutting the door this month on future legal action, a state Supreme Court decision will continue to dictate the University of North Carolina’s compliance with public records requests linked to sexual assaults.
Army relieves dozens of soldiers for political reasons
Vice President Mike Pence reportedly called Vice-President Elect Kamala Harris on Thursday to congratulate her on her win.
The Pentagon has reportedly turned down a request from President Donald Trump to have an extravagant sendoff from the White House, nixing the president’s plans to have a military parade at Joint Base Andrews before he departs Washington, D.C.
Many of us are very frustrated with the present political situation in both North Carolina and the Washington, D. C.
Gov. Roy Cooper is again pushing for a multibillion-dollar infrastructure bond, but Republican leaders caution that North Carolina’s still-unsteady economy makes it impossible to tell whether it would be prudent.
Order to release information within 180 days was part of $2.3 trillion COVID-19 relief bill
Clarice Feldman of the American Thinker explores the political calculations linked to President Trump’s second impeachment.

HbAD2

Governor Roy Cooper announced today that the North Carolina Executive Mansion will be illuminated on January 19, 2021, at 5:30 PM in remembrance of the lives lost as in the COVID-19 pandemic.
In her fine opinion piece for the Martin Center, Megan Zogby bemoans the “Quixotic” requirement that North Carolina college and university students take between two and four courses in a language such as Spanish, French, or German.
In this installment, we will discuss the "controversial" Gospel of Judas and how it can be used to decipher cryptic messages made by actors portraying the role of "Judas" in the current political arena..
Frank Main and Fran Spielman write in the Chicago Sun-Times about one consequence of the recent nationwide attack on police.
West Virginia leads the nation in COVID-19 vaccine administration and distribution, even more so than other states that have gained attention for their vaccine rollout strategies, according to federal data from the Centers for Disease Control and Prevention.
Bill Moore looks at the Democrats call for unity
He denounced the assault on the Capitol. But still the Democrats want his head.
Former U.S. House Speaker Newt Gingrich writes at FoxNews.com that the Republican Party is not as likely to fracture as its opponents hope.
Newly sworn in Chief Justice Paul Newby is wasting little time in getting North Carolina’s court system back up and running.

HbAD3

 
Back to Top