James Murdoch to acquire New York Magazine and Vox Media Podcast Network
James Murdoch is set to acquire New York Magazine and the Vox Media Podcast Network in a deal valued at over $300 million. This acquisition will enhance Murdoch's influence in the media landscape, particularly in journalism and culture. The transaction is expected to close in four to six weeks, with Vox Media CEO Jim Bankoff continuing to lead the brands under the Vox Media label.
- ▪The deal is valued at more than $300 million.
- ▪Murdoch's company, Lupa Systems, will acquire both New York Magazine and the Vox Media Podcast Network.
- ▪Vox's podcast division was valued higher than New York Magazine in the transaction.
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Economy|MediaJames Murdoch to acquire New York Magazine and Vox Media Podcast NetworkThe deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division with a reach valued by advertisers.ListenListen (4 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoFILE - In this Sept. 1, 2015, file photo the Vox website is displayed on an iPad 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.
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