James Murdoch follows in family footsteps and buys New York magazine and Vox podcasts

• James Murdoch , son of Rupert Murdoch, is acquiring New York Magazine , the Vox Media Podcast Network, and Vox through his company, Lupa Systems.
• The 53-year-old's acquisition represents approximately half of Vox Media and is valued at over $300 million, with the deal expected to finalize in four to six weeks.
• The acquired products will form a new media company under Lupa ownership, with current Vox Media CEO Jim Bankoff serving as its CEO.
• Murdoch stated the acquisition aligns with Lupa Systems' interests in the forward edge of culture and ambitious journalism, aiming to build a "great business."
• This move follows James Murdoch's history of disagreements with his father's media empire, including stepping down from the News Corp. board in 2020 over editorial content.

IN FULL

James Murdoch makes his ‘Succession’ move and follows in dad’s footsteps with massive purchase of media giant