James Murdoch to acquire New York Magazine and Vox Media Podcast Network

Key points

• The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division with a reach valued by.
• Media scion James Murdoch has agreed to acquire New York Magazine and the Vox Media Podcast Network in a deal that will significantly expand his portfolio and stands to boost his influence over news and entertainment.
• “This acquisition reflects both our interest in the forward edge of culture and our deep commitment to ambitious journalism,” Murdoch, the younger son of media mogul Rupert Murdoch, said in a statement on Wednesday announcing the transaction.
• His company Lupa Systems will buy both properties from Vox Media.
• The deal, valued at more than $300m, gives Murdoch control of a storied magazine known for its coverage of culture, politics and fashion, and a podcast division whose reach, among a demographic coveted by, rivals that of cable television news networks, according to...