00:00It's Benzinga bringing Wall Street to Main Street.
00:02Media investor James Murdoch is in advanced talks through Lupa Systems to acquire Vox
00:09Media's New York Magazine and Podcast division, according to the Wall Street Journal. The deal
00:14is not final and could still fall apart. The acquisitions would expand James and Catherine
00:21Murdoch's media portfolio. Lupa Systems holds stakes in Tribeca Enterprises and MCH Group,
00:28and Catherine Murdoch has invested in the bulwark. Murdoch founded Lupa Systems in 2019
00:34after stepping down as chief executive of 21st Century Fox. Vox has been exploring a sale of
00:40these assets in recent months. The podcast network includes shows such as Pivot, The Curiosity Shop,
00:47and Pretty Tough. The talks come as digital media companies adjust to a challenging advertising
00:52market, changes in search traffic, and rising competition.
00:55For all things money, visit Benzinga.com.
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