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James Murdoch Near Deal To Acquire New York Magazine And Podcast Assets From Vox Media
James Murdoch‘s Lupa Systems is in advanced talks to acquire New York magazine and podcast assets from Vox Media.
Despite the struggles of traditional print publishers, New York has remained viable in large part due to its successful digital forays, including offshoots like The Cut and Vulture. Vox acquired it in 2019 in a deal valuing the magazine at $105 million.
The Wall Street Journal first reported on the negotiations, which were confirmed to Deadline by a person familiar with the discussions.
Along with New York and podcasts such as Pivot, co-hosted by Kara Swisher and Scott Galloway, Vox’s portfolio includes The Verge, Eater and SB Nation.
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