James Murdoch buys New York magazine, Vox podcasts for $419 million
James Murdoch has acquired New York magazine and Vox's podcast network for $419 million. This deal represents a significant expansion into the U.S. media landscape for Murdoch, who is the youngest son of Rupert Murdoch. The acquisition aligns with Murdoch's interests in culture and journalism, enhancing his media holdings.
- ▪James Murdoch's Lupa Systems will acquire Vox's podcast network and New York magazine for over $300 million.
- ▪The deal excludes other Vox Media properties like The Verge and Popsugar.
- ▪Murdoch stated that the acquisition reflects a commitment to ambitious journalism and will enhance production and editorial capabilities.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.