Axios CEO Seeks a Workable Model for Local News

AdExchanger: Axios CEO and co-founder Jim VandeHei is turning his attention to branching out into local news. The challenge in local news isn’t just trust, but a workable business model. Believing a key problem with local news is that “the costs were just too damn high,” Axios is putting just a few boots on the ground in five cities early this year. “Our bet is that we can create a daily habit.”