James Murdoch reportedly bought a stake in Vice, as his new company begins to make media investments

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

James Murdoch's holding company Lupa Systems agreed to buy a minority share in Vice Media shortly after Vice acquired Refinery29, according to the FT.

Lupa Systems, the media holding company founded by James Murdoch, bought a minority share in Vice Media, according to the Financial Times. Murdoch launched Lupa Systems using proceeds from his family's sale of 21st Century Fox. Vice, which recently purchased Refinery29, is a progressive, digital outlet targeted toward a young demographic. Murdoch wants to distance himself from his family's conservative media leanings, sources familiar with the deal told the FT.

Lupa Systems, the media holding company founded by James Murdoch, bought a minority share in Vice Media, according to the Financial Times. Murdoch launched Lupa Systems using proceeds from his family's sale of 21st Century Fox. Vice, which recently purchased Refinery29, is a progressive, digital outlet targeted toward a young demographic. Murdoch wants to distance himself from his family's conservative media leanings, sources familiar with the deal told the FT.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Colgo Kinda curious about the nature of the relationship between Vice and SBS.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines