Axios is doing something rare for news in 2020: making money.

The Wall Street Journal says that Axios is expected to make  nearly 60 million dollars this year up 30% from last year.

And they are expanding CNN says they plan to create morning newsletters for local markets including Denver, Des Moines, Minneapolis and Tampa."

Why those cities? People are already reading Axios there and they say there’s a good talent base in those cities. Population, demographics and economy are all said to also play a role.

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