James Murdoch Near Deal To Acquire New York Magazine And Podcast Assets From Vox Media
Deadline • • business
Key Points:
- James Murdoch’s investment firm, Lupa Systems, is in advanced talks to acquire New York magazine and podcast assets from Vox Media, including shows like Pivot.
- New York magazine has remained viable through successful digital expansions such as The Cut and Vulture, and was acquired by Vox in 2019 for $105 million.
- Vox Media’s portfolio also includes The Verge, Eater, and SB Nation, and in 2023, Penske Media Corp. became its largest shareholder by taking a large minority stake.
- After leaving 21st Century Fox in 2019, Murdoch has focused Lupa Systems on media investments, including stakes in Tribeca Enterprises and the MCH Group, while his wife has invested in The Bulwark.
- A 2023 family settlement positioned Lachlan Murdoch as Rupert Murdoch’s heir and marked James Murdoch’s formal separation from the family’s media empire.
