James Murdoch, media scion, strikes deal for New York Magazine and Vox
Media scion James Murdoch has struck a deal with the Vox Media digital company to acquire New York magazine, the Vox Media Podcast Network and the Vox editorial brand.
The deal with liberal-leaning Vox represents a major move toward his own media empire for the 53-year-old younger son of Rupert Murdoch, who himself owned New York Magazine from 1976 until 1991.
It comes less than a year after the Murdoch family reached a deal on control of the 95-year-old mogul’s media empire after his death.
Financial terms of the deal, expected to close within weeks, have not been disclosed.
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