"James Murdoch's Lupa Systems is in discussions to acquire major parts of Vox Media, including New York Magazine and a podcast network featuring notable figures like Kara Swisher and Scott Galloway. This acquisition would signify a significant shift in the media landscape, as it marks a return of a publication once owned by Rupert Murdoch, now being bought back by his son."
"The deal would represent a full-circle moment in media ownership, as Rupert Murdoch originally purchased New York Magazine in 1977 and sold it in 1991. Now, his son, who has a different ideological stance, is looking to reclaim it as part of his new media strategy."
"With the potential acquisition of Vox Media, Lupa Systems would emerge as a major player in the U.S. media landscape. James Murdoch's investments already include diverse entities like the Tribeca Film Festival and The Bulwark, which contrast sharply with the conservative empire of his father and brother."
James Murdoch lost the succession battle for Fox News and The Wall Street Journal to Lachlan Murdoch but gained $3.3 billion. He aims to build his media empire through Lupa Systems, which is negotiating to acquire significant assets from Vox Media, including New York Magazine and a podcast network. This acquisition represents a return to a publication once owned by Rupert Murdoch. Lupa Systems' portfolio includes Tribeca Film Festival and The 19th, contrasting with the conservative focus of his family's media holdings.
Read at Entrepreneur
Unable to calculate read time
Collection
[
|
...
]