Penske Media, which owns Variety, The Hollywood Reporter and other publications, is acquiring Vox Media sites that were left over when James Murdoch purchased New York Magazine,
Vox Media, and the Vox podcast network from Vox for $300 million last month, The New York Times reports. Penske will house the newly acquired titles in a new division called
PMX. Penske had earlier invested $100 million in Vox, and is the company’s largest shareholder. Read the whole story at The New York Times »