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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.

United States President Donald Trump, his family, and his businesses have been granted immunity from any ongoing audits into their tax affairs, according to a directive by the Department of Justice.

The move on Tuesday came as an addendum to Trump’s agreement a day earlier to settle a $10bn lawsuit against the Internal Revenue Service (IRS) over the leak of his tax information to media outlets between 2018 and 2020.