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LUPA SYSTEMS ACQUIRES THREE MAJOR DIVISIONS OF VOX ...
, /PRNewswire/ -- Lupa Systems, James Murdoch's media and technology holding company, has agreed to acquire New York Magazine, the Vox Media Podcast Network, and Vox from the digital media group Vox Media. The properties, known for editorial excellence and deeply engaged audiences, will operate as a subsidiary of Lupa Systems called Vox Media. Eater, Popsugar, SB Nation, The Dodo, and The Verge are not included in the transaction. Vox Media These divisions' roster of influential journalists, top-rated podcasts, and digital brands with large social footprints, together with the group's iconic biweekly print magazine, will give Lupa exceptional new reach across platforms and fit neatly into Lupa's growing global portfolio. "This acquisition aligns well with our existing holdings and investments and reflects both our interest in the forward edge of culture and our deep commitment to ambitious journalism and agenda-setting conversations," said James Murdoch. "It will allow us to apply new tools across the businesses we are building, adding substantial production, distribution, and editorial capability to our group." Lupa's acquisition of New York Magazine includes its must-read verticals, The Cut, Vulture, Intelligencer, The Strategist, Curbed, and Grub Street. Vox brings multiplatform leadership in video, text, and podcasts like Today, Explained. The Vox Media Podcast Network, home to popular shows such as Pivot with Kara Swisher and Scott Galloway, Criminal, and Where Should We Begin? with Esther Perel, has been the fastest growing business within Vox Media and will immediately put Lupa at the top of the podcast field, which now reaches 58% of Americans monthly, according to Edison Research, including two out of three people between the ages of 18 and 54.The new Vox Media will be led by Jim Bankoff, who co-founded Vox Media and has led its growth since its early days as a network of a dozen grassroots sports blogs. He will be CEO of the new company upon closing. "I couldn't be more thrilled to partner with James and Lupa Systems. Each one of these Vox Media divisions is marked by its strong relevance with audiences, its commitment to quality, and its enormous growth potential. We are incredibly proud to have built and scaled several of the leading media properties of this generation. Together under Lupa's stewardship we are primed to be the best home for talent and the most dynamic media company of this new era," said Jim Bankoff. Lupa's acquisition of th...
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And for the billionaire, another media acquisition? #media ... Rupert Murdoch's son wants to buy Vox BETCHES MORNING ANNOUNCEMENTS Vox, NEW YORK Magazine ...
OpenAI paid $100 million for a talk show. James Murdoch is eyeing ...
James Murdoch's investment firm Lupa Systems is reportedly in late-stage talks to acquire New York Magazine and the Vox Media podcast network for $300 million ...
OpenAI paid $100 million for a talk show. James Murdoch is eyeing ...
James Murdoch's investment firm Lupa Systems is reportedly in late-stage talks to acquire New York Magazine and the Vox Media podcast network for $300 million ...
