The Axios Bailout

As Congress and the U.S. Treasury shovel billions of dollars to struggling businesses and fraudsters alike, we must be thankful for media organizations that are providing some accountability for the public. Publicly traded companies that cut to the front of the line for the Paycheck Protection Program have been browbeaten and berated. But what would the media do when the perpetrator was one of their own? Axios, a digital media property with billionaire backers and a sponsorship roster that reads like a who's who of the Fortune 100, has provided us the opportunity to find out. In a brief post on Wednesday, Axios CEO Jim VandeHei informed readers that the site had received just shy of $5 million in the first round of PPP funding.-- More...