Atlanta-based Cox Enterprises, parent to Cox Communications and Cox Automotive, has announced it is purchasing digital news platform Axios in a deal that values the 5-year-old Virginia company at $525 million, according to reports. Cox, which owns newspapers and the Kelley Blue Book says the Axios acquisition will help the company expand into new markets. Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will continue to manage day-to-day Axios operations and sit on its board, which Cox Enterprises chairman and CEO Alex Taylor joins. Continue reading Cox Enterprises to Purchase Axios News Platform for $525M

Shred Video, a startup out of Y Combinator, now offers an easy way to turn hours of GoPro video into a 90-second clip with music. Users simply match GoPro footage with songs from their iTunes library, and Shred Video does the rest. The new app identifies moments of action from any acceleration-based sport (think surfing, skateboarding, snowboarding) and highlights video with the beat-drop of the song. Not to be outdone, GoPro plans to release its own mobile editing software by the end of summer. Continue reading Shred Video Debuts GoPro Editing, GoPro’s Version to Follow