James Murdoch, through Lupa Systems, is buying roughly half of Vox Media, including New York magazine, Vox.com, and Vox’s podcast network. The acquisition is reported to be worth about $300 million and will not include Eater, PopSugar, SB Nation, The Dodo, or The Verge. The deal gives Murdoch control over New York magazine and its sub-brands, including The Cut, Vulture, Intelligencer, The Strategist, Curbed, and Grub Street. Vox.com, known for originating the explainer news format, produces shows such as Today, Explained. The podcast network includes Pivot, Criminal, and Where Should We Begin? with Esther Perel. Vox Media CEO Jim Bankoff will join New York magazine and Vox under a new company called Vox Media.
"The deal gives Murdoch control over the prominent magazine, which includes sub-brands like The Cut, Vulture, Intelligencer, The Strategist, Curbed, and Grub Street, as well as Vox.com, which originated the explainer news format, and produces popular shows like Today, Explained. The podcast network includes shows like 'Pivot' with Kara Swisher and Scott Galloway, 'Criminal,' and 'Where Should We Begin?' with Esther Perel."
"The deal - which Murdoch is buying through his company, Lupa Systems - is reportedly worth $300 million. It does not include Eater, Popsugar, SB Nation, The Dodo and The Verge. Current Vox Media CEO Jim Bankoff will join New York magazine and Vox under the new company, which will be called Vox Media."
"James Murdoch, 53, does not share the same political views as his famous father or his older brother, Lachlan, whose conservative media empire, News Corp., includes Fox News, the New York Post and The Wall Street Journal. As Weprin noted, James Murdoch resigned from the board of News Corp. in 2020, writing at the time, "my resignation is due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions.""
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