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Photo: Justin Sullivan/Getty Images

Bloomberg, Vanity Fair, Wired, Business Insider and The Atlantic have launched new paywalls within the past year — and legacy institutions like The New York Times, The Wall Street Journal, The Washington Post and The Boston Globe have all tightened their paywalls over the past few years.

Why it matters: There are many factors contributing to a rise in paywalled news, like tech's ad dominance, and a piqued interest in all things Trump. But on-demand access to information and entertainment has also become a consumer trend that is likely helping news outlets get consumers cash in.

What's next? There's an ongoing debate about whether one day news organizations would bundle their subscription services with other popular on-demand media subscriptions, like Spotify, which once came with a NYT All Access subscription.

  • Food for thought: Via @alexweprin: "As an aside, I think this becomes even more likely if/when Apple launches their Apple Music/Apple TV shows/Apple News bundle."
"No one except the Wall Street Journal, The New York Times and now probably the Washington Post has come up with a digital product that really in any significant way will replace the revenue that is being lost as print newspapers lose both circulation and advertising ... It is very difficult to see — with a lack of success in terms of important dollars rising from digital — it’s difficult to see how the print product survives over time.”
Warren Buffett at Berkshire Hathaway's annual meeting

Gut check: Local media executives have been saying for months that their biggest competition for subscriptions and eyeballs is large national newspapers.

Some perspective: Berkshire Hathaway owns more than 30 newspapers, including Buffett's hometown paper, the Omaha World-Herald. One of Buffett's earliest jobs was delivering newspapers door-to-door, which is why he hosts an annual newspaper-throwing contest.

Go deeper

46 mins ago - World

At least 2 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least two people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Monday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. A New Zealand Ministry of Foreign Affairs spokesperson told Axios over the phone that two people had been confirmed to have died in the disaster.

Airlines call for Biden admin's "immediate intervention" in 5G deployment

Photo: Tayfun Coskun/Anadolu Agency via Getty Images

The CEOs of leading U.S. air cargo and passenger carriers on Monday warned the Biden administration there could be "catastrophic disruption" after AT&T and Verizon deploy a new 5G service this week.

Driving the news: They said in a letter to Transportation Secretary Pete Buttigieg and other top federal officials ahead of the C-Band 5G service's deployment Wednesday that "the nation's commerce will grind to a halt" and "could potentially strand tens of thousands of Americans overseas."

Updated 5 hours ago - Energy & Environment

Thousands without power as "hazardous" winter storm lashes East Coast

Satellite imagery of the Northeastern U.S. taken by NOAA on Jan. 17. Photo: NOAA

A major winter storm lashed much of the East Coast Sunday and Monday, causing widespread power outages and disrupting travel over the holiday weekend.

The latest: Authorities in North Carolina confirmed that two people died in a car crash and that they responded 600 vehicle accidents during the storm on Sunday, per the Washington Post.