James Murdoch Buys New York Magazine and Vox Podcasts
James Murdoch will acquire New York Magazine and Vox's podcast arm for $300 million. The deal includes Vox.com but excludes brands like The Verge and SB Nation.
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James Murdoch's Lupa Systems will acquire New York Magazine and the Vox Media podcast network for more than $300 million. The deal expands the former News Corp executive's independent media portfolio through the purchase of Vox Media's most profitable segments. This acquisition positions Murdoch to capture high-value advertiser demographics that currently rival cable news reach.
