James Murdoch, Intent on 'Thoughtful Journalism,' Buys Half of Vox Media
Source: New York Times
May 20, 2026Updated 10:13 a.m. ET
James Murdoch is acquiring roughly half of Vox Media, a dramatic expansion in American media for the younger son of the industry titan Rupert Murdoch. The deal includes Vox Medias podcast network as well as New York magazine, a publication once owned by Mr. Murdochs father. Mr. Murdoch, 53, emphasized that he was not looking to acquire a daily news business but rather wanted longer-form, thoughtful journalism that can really speak to the culture, he told The New York Times in an interview on Tuesday.
We want to create platforms where really amazing, talented people can come and do the best work of their lives.. The deal is the biggest acquisition for Mr. Murdoch since he and his family struck a $3.3 billion agreement last year to resolve a painful battle over the control of its media empire, which includes Fox News and News Corporation, the parent company of The Wall Street Journal.
Mr. Murdoch left the board of News Corporation in 2020 amid disagreement over the companys direction and spoke out against the ongoing denial of climate change at some of its outlets. So is he trying to do something deliberately different from his father this time around? No, said Mr. Murdoch, who is buying the Vox Media properties through his company, Lupa Systems. Im just trying to build a great business. He said his fathers previous ownership of New York magazine held no special significance for him.
The deal is also a coda for an earlier era of digital publishing. Vox Media was one of a spate of digital properties, including BuzzFeed and Vice Media, that raised hundreds of millions of dollars at sky-high valuations a decade ago. But Vice has since gone bankrupt; BuzzFeed recently said it was selling a 52 percent stake for $120 million, a small fraction of its earlier $1.7 billion valuation. Vox Media was reportedly worth about $1 billion in 2015, when it mostly encompassed websites not a robust podcast network nor a print magazine.
Read more: https://www.nytimes.com/2026/05/20/business/media/vox-media-james-murdoch-sale.html
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REFERENCE - https://www.democraticunderground.com/10143660875
hlthe2b
(114,692 posts)I am hopeful this is not a horrible outcome...
SSJVegeta
(3,141 posts)pfitz59
(12,937 posts)with editorial veto power.
SSJVegeta
(3,141 posts)Your point still stands. Billionaires should have no place in monopolizing information.
Karasu
(2,077 posts)Yeah..I think that kind of tells me everything I need to know.
City Lights
(26,036 posts)
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