James Murdoch buys three Vox Media divisions in deal worth more than $300-million
James Murdoch is acquiring three divisions of Vox Media for over $300 million through his investment firm, Lupa Systems. The deal includes New York Magazine and Vox's podcast network, which have a significant digital audience. Vox Media CEO Jim Bankoff will join Lupa Systems and continue to lead the Vox brands after the acquisition closes in four to six weeks.
- ▪James Murdoch's Lupa Systems is acquiring Vox Media's New York Magazine and podcast network.
- ▪The acquisition is valued at over $300 million and aims to enhance digital media growth.
- ▪Vox Media CEO Jim Bankoff will join Lupa Systems and continue to oversee the brands.
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Open this photo in gallery:As part of the acquisition, Vox Media CEO Jim Bankoff, centre, will join Lupa Systems. The deal includes Vox Media podcasts by Scott Galloway, left, and Kara Swisher, right.Rick Kern/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountJames Murdoch is acquiring three major divisions of Vox Media, including the firm’s New York Magazine and podcast network that together reach tens of millions of people, the digital media outlet said on Wednesday.The deal is being executed through Murdoch’s investment firm, Lupa Systems, giving him control of one of the most recognizable magazine brands and a sizable podcast business at a time when digital publishers are looking for new growth avenues.It also includes the Vox news platform,…
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