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Axios to launch Des Moines newsletter next year

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Wall Street Journal: Digital news startup Axios plans to establish two-person newsletter teams in several local markets early next year, starting with Des Moines, Minneapolis, Denver and Tampa, Fla. Axios, which uses the term “smart brevity” as its motto and registered trademark, is on target to make a profit this year despite the economic turmoil stemming from the coronavirus that led to broad layoffs and pay cuts at many media outlets, people familiar with the site’s finances said. Jim VandeHei, Axios’ co-founder and chief executive, said the newsletters would focus on local business, technology and education.