James Murdoch strikes deal for New York Magazine and Vox Media
James Murdoch has acquired New York magazine and other Vox Media assets, signaling a significant expansion of his media interests. The deal, valued at over $300 million, includes the Vox Media Podcast Network and several popular editorial brands. Current Vox CEO Jim Bankoff will continue to lead the new Vox Media under Murdoch's ownership.
- ▪James Murdoch has struck a deal to acquire New York magazine and parts of Vox Media.
- ▪The acquisition is valued at more than $300 million and includes the Vox Media Podcast Network.
- ▪Current Vox CEO Jim Bankoff will remain in charge of the new Vox Media after the deal closes.
Opening excerpt (first ~120 words) tap to expand
NEW YORK (AP) - Promising a commitment to “ambitious journalism and agenda-setting conversations,” media scion James Murdoch has struck a deal with the Vox Media digital company to acquire New York magazine, the Vox Media Podcast Network and the Vox editorial brand. The deal with Vox, widely seen as liberal-leaning, represents a major move toward his own media empire for the 53-year-old younger son of Rupert Murdoch, who himself owned New York Magazine from 1976 until 1991. And it comes less than a year after the Murdoch family reached a deal on control of the 95-year-old mogul’s media empire after his death, ensuring no change in direction at Fox News, the most popular network for conservatives, under Rupert’s chosen heir, Lachlan Murdoch.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Washington Times.
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