world
James Murdoch's Lupa Systems in Advanced Talks to Buy New York Magazine and Vox Podcasts
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.
DA
Eirik Solheim from Oslo, Norway / Wikimedia (CC BY-SA 2.0)Audio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
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.
