JIM VANDEHEI

What did Axios do?

The Axios founders’ new book makes the case for condensed communication—in an increasingly complex world.

Axios-Cox Enterprises One of the buildings of the Cox Communications campus is surrounded by foliage in Atlanta on, Aug. 2, 2004. Cox Enterprises, which owns Cox Communications, is buying Axios Media for $525 million as it looks to grow and diversify its business. (AP Photo/Ric Feld, File) (RIC FELD)NEW YORK — (AP) — Axios Media is being acquired by Cox Enterprises, which said Monday that it plans to push the online news provider into new markets while broadening its coverage. Cox, a conglomerate whose other media companies include The Atlanta Journal-Constitution and Dayton Daily News, first became an investor in Axios last year. The Axios communications software business, Axios HQ, will become an independent company majority-owned by the founders and will include Cox as sole minority investor.

"Axios" is Greek for "worthy" — and now we know how much the company is worth, less than six years after its news site debuted.

Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage.

Cox Enterprises said it is acquiring Axios and will expand the news and politics site's coverage of more cities.

Politico boosted security and warned its staff members to take extra care online following the news organization's major scoop in publishing a Supreme Court draft decision that would strike down the Roe v.

The D.C.-based politics-and-policy site will launch eight local-news products around the country, with plans for many more.

More than 100 Republicans will sign a letter Thursday threatening to create a third party if the GOP doesn't "break" with former President Trump, Reuters first reported.Why it matters: Per Axios' Mike Allen and Jim VandeHei, Trump's grip on the GOP has gotten stronger since the Jan. 6 Capitol riot. The Republican Party's "allegiance to Trump" as he continues to make false claims about his 2020 election loss has "dismayed" the group, according to Reuters.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freePer the New York Times, the letter's preamble will state, "When in our democratic republic, forces of conspiracy, division, and despotism arise, it is the patriotic duty of citizens to act collectively in defense of liberty and justice."The letter is due to be released one day after House Republicans are expected to vote on ousting Rep. Liz Cheney (R-Wyo.) from her position as conference chair.Details: The letter's signatories include former "governors, members of Congress, ambassadors, cabinet secretaries, state legislators and Republican Party chairmen," per the Times, citing co-organizer Miles Taylor.What they're saying: "This is us saying that ... the situation has gotten so dire with the Republican Party that it is now time to seriously consider whether an alternative might be the only option, said Taylor, the Trump-era Department of Homeland Security official who wrote an anonymous NYT op-ed on the administration.Taylor also tweeted: "My philosophy on GOP extremists: if you won't join 'em, beat 'em. Come fight with us."The other side: Representatives for the Republican Party and Trump did not immediately respond to Axios' request for comment. But Jason Miller, a spokesperson for Trump, told Reuters: "These losers left the Republican Party when they voted for Joe Biden."More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free

Looking forward from the Paris terror attacks and the state of the 2016 race Ruth Marcus, Jim VandeHei and Peter Baker discuss the various debates that will be spurred by the shootings in France this week and the effect of Mitt Romney’s announcement that he may run for president again.