In The News

Shortly after Flying Kite profiled the innovative news site, CEO Neil Budde is stepping down at AxisPhilly. The fledgling media organization has had trouble securing a second round of funding, leading to changes at the top. Here's the official statement:

The board of Philadelphia Public Interest Information Network Inc. has asked CPIJ to lead a restructuring of the AxisPhilly project in light of its inability to raise sufficient second-round funding to support an aggressive initial business model. To facilitate that restructuring, Neil Budde has proposed and the board agreed to eliminate the position of CEO of PPIIN/AxisPhilly. The board and CPIJ leadership are grateful for Neil's service in developing the initial plans for AxisPhilly, incorporating and staffing the organization and overseeing significant meaningful reporting, data journalism, and community engagement efforts on a range of topics.

Budde also offered his thoughts on AxisPhilly.

Original source: Technically Philly
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