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Lupa Systems Nears Deal for NY Magazine, Vox Podcasts

5/5/2026

28 3 Full Breakdown

Summary

Murdoch Eyes Deal

Lupa Systems, led by James Murdoch, is in advanced talks to acquire New York magazine and Vox Media’s podcast network.
The Wall Street Journal first reported the negotiations, with Deadline later confirming them.
Both New York magazine and Vox Media declined comment, saying the deal could still fall apart.
The podcast portfolio includes over 40 shows, such as Pivot with Kara Swisher and Scott Galloway.

Summary

Murdoch Gains Outlet

Lupa Systems would give Rupert Murdoch a U.S. news outlet to rival his brother Lachlan Murdoch’s Fox News and Wall Street Journal assets.
The deal would make Murdoch the first to own a U.S. news outlet after a $3.3 billion settlement gave him control of the family trust.
Lupa holds a majority stake in Tribeca Enterprises, which runs the Tribeca Film Festival, and backs Bodhi Tree Systems in India.

History

Historical Context

Rupert Murdoch moved to New York in 1974 and became a U.S. citizen in 1985, clearing the way to buy Dow Jones & Company for $5 billion in 2007, adding The Wall Street Journal to his portfolio and reshaping American news ownership. Today Lupa Systems’ bid for New York magazine and Vox Media’s 40-show podcast network echoes that 2007 consolidation, prompting fresh regulatory scrutiny.

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Murdoch Eyes Deal

Lupa Systems, led by James Murdoch, is in advanced talks to acquire New York magazine and Vox Media’s podcast network.
The Wall Street Journal first reported the negotiations, with Deadline later confirming them.
Both New York magazine and Vox Media declined comment, saying the deal could still fall apart.
The podcast portfolio includes over 40 shows, such as Pivot with Kara Swisher and Scott Galloway.

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