James Murdoch vows ‘ambitious journalism and agenda-setting conversations’ as he takes over New York, Vox brands
James Murdoch has acquired New York magazine and other Vox Media assets, emphasizing a commitment to ambitious journalism. This deal marks a significant step in Murdoch's media ambitions, aligning with his less conservative views compared to his father. The acquisition is expected to enhance Lupa Systems' capabilities in the media landscape.
- ▪James Murdoch has struck a deal to acquire New York magazine and the Vox Media Podcast Network.
- ▪The deal is valued at over $300 million and will operate as a subsidiary of Lupa Systems.
- ▪Current Vox chairman Jim Bankoff will lead the new Vox Media after the acquisition.
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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.Recommended Video 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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