New York Magazine will soon be under new ownership. Vox Media agreed Tuesday to acquire New York Media, the print magazine’s parent company, the New York Times reported Tuesday evening. “No o…
“No one had to do this,” Pam Wasserstein, chief executive of New York Media, told the. “It’s a brilliant, in our view, opportunity, so that’s why we leaned into it. It’s not out of need. It’s out of ambition.”
Jim Bankoff, Vox Media’s chief executive and chairman, confirmed the deal and said there would be no editorial layoffs at the magazine as a result of theVox Media, a digital behemoth popular with technology buffs, foodies and sports fans, is home to The Verge, Eater, Curbed, Vox, Recode, Polygon and SB Nation.was founded by Milton Glaser and Clay Felker in 1968. Other brands under the New York Media umbrella include Grub Street, The Cut and Vulture.
“Combined, our editorial work will be unrivaled in its breadth and quality, whether watched, read, or heard — on websites, TV, and streaming services; in podcasts, at live-event stages, and on social platforms; or in digital and print magazines,” the statement said. “Anywhere that modern audiences gather, we’ll be there to ignite the conversations that matter through journalism, service, entertainment, and community.
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