Home / Business and Economy / James Murdoch Buys Vox Media in Media Shake-Up
James Murdoch Buys Vox Media in Media Shake-Up
20 May
Summary
- James Murdoch is acquiring about half of Vox Media's assets.
- The deal includes Vox Media's podcast network and New York magazine.
- The acquisition price is reportedly over $300 million.
James Murdoch, son of Rupert Murdoch, is set to acquire roughly half of Vox Media, marking a substantial expansion of his media holdings through his company, Lupa Systems. This significant deal includes Vox Media's podcast network and New York magazine, a publication previously owned by his father.
Murdoch stated his interest lies in "longer-form, thoughtful journalism" and creating platforms for talented individuals, rather than daily news operations. The acquisition is reportedly valued at over $300 million and is expected to finalize in the coming weeks. This move is seen as a notable development in the digital publishing landscape.
The acquired Vox Media assets will operate as a subsidiary of Lupa Systems, with potential collaborations with other Lupa-backed entities such as the Tribeca Film Festival and Art Basel. Notably, several Vox Media websites, including The Verge and Eater, will form a new independent company.
Vox Media's CEO, Jim Bankoff, expressed excitement about the deal, highlighting Murdoch as a "long-term steward" prioritizing innovation, quality, and journalistic ethics. Bankoff also emphasized Vox Media's resilience, particularly its successful podcast network, which generated over $80 million in revenue in 2025.
