— Jessica TestaThe new Vox Media will operate as a subsidiary within Lupa Systems — but will, ideally, according to Mr. Murdoch, also collaborate with other companies backed by Lupa Systems. Those include the parent company of Tribeca Film Festival; the owner of Art Basel; and Bodhi Tree Systems, which backs a popular streaming service in India. Mr. Murdoch and his wife, Kathryn, have separately backed news start-ups such as The Bulwark and The 19th.
Replicated under Fair Use from James Murdoch Buys Half of Vox Media - The New York Times by Jessica Testa.