James Murdoch Buys Half of Vox Media

The media scion is buying Vox Media’s podcast network, New York magazine and Vox.com for more than $300 million.

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 Media’s podcast network as well as New York magazine, a publication once owned by Mr. Murdoch’s 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.”