James Murdoch circling Vox Media adds a new twist to his family’s media story
The younger Murdoch is in talks to buy New York magazine and Vox’s podcast division, contrasting with his family’s conservative media empire
An interesting name is circling a notable media organization.
The company owned by James Murdoch, the son of Rupert Murdoch, is in talks to buy parts of Vox Media. That includes New York magazine and a podcast division that is home to prominent hosts such as Kara Swisher and Scott Galloway.
The Wall Street Journal’s Jessica Toonkel wrote, “The deal, which is through Murdoch’s Lupa Systems investment company, isn’t yet final, and could still fall apart, (sources) said.”
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.