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James Murdoch's investment company is negotiating a deal valued at $300 million or more for Vox Media assets. The talks involve New York Magazine and Vox's podcast network, which generates over $80 million in revenue. This would return New York Magazine to the Murdoch family after decades.
Eirik Solheim from Oslo, Norway / Wikimedia (CC BY-SA 2.0)James Murdoch's investment company, Lupa Systems, is in advanced talks to acquire New York magazine and Vox Media’s podcast network for $300 million or more, according to two people with knowledge of the discussions. The proposed deal would see New York Magazine return to the Murdoch family, as it was owned by Rupert Murdoch from 1976 until 1991.
Vox Media, which owns New York Magazine, generates more than $80 million through podcasts, highlighting the value of its podcast division in the negotiations.
U.S. media through this acquisition. The assets under discussion include Vox Media's podcast network, which forms a key part of the company's operations alongside its ownership of New York Magazine.
New York PostThe U.S. Supreme Court voted 6-3 on Monday to restore Pedro Hernandez's conviction for the kidnapping and murder of 6-year-old Etan Patz. The unsigned per curiam opinion reversed a federal appeals court ruling that had overturned the 2017 verdict. Hernandez, now 64, had been serv…
Ukraine launched air-launched cruise missiles at a Voronezh production plant and the Dubna satellite communications center. Russian authorities confirmed plant damage and three injuries. Russian drone attacks killed civilians in Ukraine and struck a cargo ship.
breakingnews.ieA Newry Crown Court jury convicted the former MP and DUP leader on all 18 counts after 10 hours of deliberation on day 20 of the trial. Judge Paul Ramsey remanded him in custody and said he faces a lengthy sentence.