r/LiberaisDaTreta

Murdoch’s company has agreed to acquire New York Magazine, the Vox Media Podcast Network and Vox.com. Terms of the deal weren’t disclosed. Lupa is paying more than $300 million for the collection of Vox Media assets, the New York Times reported, citing anonymous sources.

New York Magazine, the podcasts and Vox.com will operate as a subsidiary of Lupa Systems — which will be called “Vox Media.” Other former Vox Media properties Eater, Popsugar, SB Nation, The Dodo and The Verge are not included in the transaction.

“This acquisition aligns well with our existing holdings and investments and reflects both our interest in the forward edge of culture and our deep commitment to ambitious journalism and agenda-setting conversations,” James Murdoch said in a statement. “It will allow us to apply new tools across the businesses we are building, adding substantial production, distribution, and editorial capability to our group.”

The new Vox Media will continue to be led by Jim Bankoff, who co-founded the company and has led its growth since its early days as a network of a dozen grassroots sports blogs. He will be CEO of the new company upon closing.

Lupa’s acquisition of New York Magazine includes its digital vertical sites The Cut, Vulture, Intelligencer, The Strategist, Curbed and Grub Street, while Vox.com includes podcasts like “Today, Explained.” The Vox Media Podcast Network includes shows such as “Pivot” with Kara Swisher and Scott Galloway, “Criminal” and “Where Should We Begin?” with Esther Perel.

“I couldn’t be more thrilled to partner with James and Lupa Systems. Each one of these Vox Media divisions is marked by its strong relevance with audiences, its commitment to quality, and its enormous growth potential. We are incredibly proud to have built and scaled several of the leading media properties of this generation. Together under Lupa’s stewardship we are primed to be the best home for talent and the most dynamic media company of this new era,” said Bankoff in a statement.

Tens of thousands of Argentines flooded the streets of major cities nationwide on Tuesday to protest funding cuts by libertarian President Javier Milei to the public university system that represents a near-universal point of pride in this crisis-prone country.

Vast crowds in downtown Buenos Aires marched toward the government headquarters to denounce budget shortfalls eroding the financial foundation of the country’s higher education. Argentina’s public university system, a cornerstone of its well-educated workforce cherished by its large middle class, has been tuition-free since 1949 and produced five Nobel Prize laureates.

Congress passed a law last year to fund universities’ operational costs and raise teacher salaries in line with high inflation. But the government has not implemented it as it challenges the legislation in court.

Like his powerful backer and ally U.S. President Donald Trump, Milei routinely attacks university campuses as bastions of “woke” indoctrination. He has slashed public education funding as part of his plan to take a chain saw to state funding in a sharp break from what he describes as decades of reckless spending that spawned corruption under his left-leaning predecessors.

Tuesday’s protest gathered people of all ages and political persuasions as Milei faces declining approval ratings over slumping economic activity, falling wages and climbing unemployment. A recent series of corruption scandals has also struck a nerve, with fallout particularly growing from an investigation into lavish spending by Milei’s close ally, Cabinet chief Manuel Adorni, that appears inconsistent with his modest public salary and declared assets.

Since Milei took power in late 2023, university professors’ paychecks have declined by roughly 33% after accounting for stubborn inflation, according to the main teachers’ federation.

The rector of the prestigious University of Buenos Aires, Ricardo Gelpi, said the steep losses in purchasing power has driven at least 580 research professors in the engineering and science departments to ditch the public system for private universities or other better-paying jobs.