James Murdoch has agreed to acquire New York Magazine and the Vox Media podcast network in a deal that will significantly expand his portfolio and stands to boost his influence over news and entertainment.
The deal, valued at more than $US300 million ($A421 million), gives Murdoch control of a storied magazine brand along with a podcast division whose reach among a demographic coveted by advertisers rivals that of cable television news networks, according to several people with direct knowledge of the acquisition.
The politics news site Vox.com is also included.
