Emily Jashinsky

It's a real-world succession, as James Murdoch, the liberal son of Fox News founder Rupert Murdoch, now building out a media empire of his own.

Lupus Systems, Murdoch's media and tech holding company, announced a major deal to acquire New York magazine Vox.com and the Vox Media Podcast Network.

The acquisition includes podcasts such as Pivot with Kara Swisher and Scott Galloway.

The deal does not include all Vox Media brands like Eater, PopSugar, SB Nation, The Dodo, and The Verge.

The press release not indicating the sale price, though CNN reporting an estimated value of $300 million or more.

Murdoch describing the deal as focused on ideas and in-depth journalism, telling the New York Times he was not looking to acquire a, quote, daily news business, but instead wanted longer-form, thoughtful journalism that can really speak to the culture.

The deal also carrying a bit of family history.

Rupert Murdoch, the conservative media mogul who built the Fox News empire, once owned New York Magazine, buying its parent company in 1977 before selling it in 1991 for $650 million, according to Forbes.

James, splitting from the family in 2020, reportedly over ideological differences, he and two other siblings last year reaching an evenly divided $3.3 billion settlement after a bitter legal fight.

His brother, Lachlan Murdoch, now serving as executive chairman and CEO of Fox Corporation, effectively running the day-to-day business of the Fox empire.

James telling the New York Times his father's past ownership does not hold special meaning for him.

Asked whether he is trying to do something deliberately different from his father, Murdoch replying, quote,

That'll do it for your AM update.

I'm Emily Drushinsky, host of After Party.

Catch The Megyn Kelly Show live on SiriusXM's The Megyn Kelly Channel 111 at noon east on youtube.com slash megynkelly and all podcast platforms.

Good morning, everyone.

I'm Emily Jashinsky, host of After Party and the Megyn Kelly Wrap-Up Show on SiriusXM Channel 111.

It's Thursday, May 7th, 2026, and this is your AM Update.

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