James Murdoch's Lupa Systems in Advanced Talks to Acquire New York Magazine and Vox Podcasts

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.