A big announcement: Vox Media is becoming two independent companies. Lupa Systems, James Murdoch's media and technology holding company, is acquiring New York Magazine, the Vox Media Podcast Network, and Vox. Those properties will form a new media company under Lupa ownership, which will carry the Vox Media name forward, and Jim Bankoff will serve as its CEO when the transaction closes. Eater, Popsugar, SB Nation, The Dodo and The Verge will make up a second independent company under a new corporate name which will be determined in the weeks ahead, with Ryan Pauley continuing at the company as its leader post-closing. Separating into two distinct companies best sets up our brands, shows, businesses, talent, and teams to continue to lead in the changing media landscape. Read more here: https://lnkd.in/eR6BfdG2
It was good while it lasted
James Murdoch actually has quite different views from his father and brother Lachlan. He famously resigned from the board of his family’s company because he didn’t agree with them.
Michael M.
18h
Wow shocking more media consolidation.
James Connor
6h
There goes another independent media co
Stephen Yang
5h
What might Andy Sachs say 🧐
So Group Nine again?
Casey Moeckel
12h
Thoughts and prayers to people at Vox Media now under Murdoch rule.
Well at least The Verge escaped Murdoch ownership...