James Murdoch to acquire New York Magazine and Vox Media Podcast Network
Key takeaways
- The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division with a reach valued by advertisers.
- His company Lupa Systems will buy both properties from Vox Media.
- “I like James and Kathryn,” Swisher said in a phone interview. “Unlike many other media owners these days, they’re savvy about the business and willing to take smart risks.”
Why this matters: an international story with cross-border implications worth tracking.
The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division with a reach valued by advertisers.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo FILE - In this Sept. 1, 2015, file photo the Vox website is displayed on an i Pad held by an Associated Press staffer in Los Angeles. Vox Media, an online publisher, is buying the owner of New York Magazine, a half-century old publication chronicling the city’s culture and events. The companies did not state a price Tuesday, Sept. 24, 2019. (AP Photo/Richard Vogel, File) (AP)By ReutersPublished On 20 May 202620 May 2026Media scion James Murdoch has agreed to acquire New York Magazine and the Vox Media Podcast Network in a deal that will significantly expand his portfolio and stands to boost his influence over news and entertainment.
“This acquisition reflects both our interest in the forward edge of culture and our deep commitment to ambitious journalism,” Murdoch, the younger son of media mogul Rupert Murdoch, said in a statement on Wednesday announcing the transaction. His company Lupa Systems will buy both properties from Vox Media.