James Murdoch to acquire half of Vox Media in deal reportedly worth $300M
18 hours ago
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- James Murdoch's Lupa Systems acquires half of Vox Media in a $300m deal.
- The deal includes New York Magazine and its online spin-offs, but excludes certain Vox Media properties like The Verge and Eater.
- Murdoch focuses on longer-form, cultural journalism and podcasting, aligning with his existing holdings in art and media.
- This acquisition follows a family settlement where James received about $1bn after disputes over control of media holdings.
- Murdoch emphasizes editorial independence and aims to create platforms for talented journalists.
- Vox Media's CEO supports the split, citing it as beneficial for growth in the changing media landscape.