James Murdoch in talks to buy New York magazine and Vox podcasts for $300M or more
CNN • • business
Key Points:
- James Murdoch's investment firm, Lupa Systems, is in talks to acquire New York magazine and Vox Media’s podcast network for $300 million or more, according to sources familiar with the discussions.
- Vox Media is considering selling all or parts of its business amid challenging conditions for digital media companies.
- New York magazine’s assets include its flagship print publication and popular websites such as The Cut, Vulture, and Intelligencer, while Vox’s podcast network hosts notable shows like “Pivot” and “Today, Explained.”
- The acquisition would provide Murdoch, son of media mogul Rupert Murdoch, a significant presence in the US media landscape, complementing his existing media investments.
- James Murdoch, who parted ways with his family’s media empire in 2020 due to editorial disagreements, is known for his more moderate political views and support for Democratic causes.
