Vox Media acquired New York Media, parent company of New York Magazine, in an all-stock purchase on Tuesday.
CEO and Chairman of Vox Media Jim Bankoff suggested more media consolidation is coming after the company acquired New York Media, the parent company of New York Magazine, in an all-stock deal Tuesday."We're going to look to be a smart acquirer.
The CEO pointed to the strength of New York Media's online brands as a large source of the deal's value, noting that they are the primary source of growth and revenue for the company.
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