James Murdoch has agreed to acquire several major assets from Vox Media for more than $300 million, significantly expanding his media investment firm's portfolio.

The deal includes New York magazine, Vox Media's podcast network, and the Vox.com news website. The acquisition will be conducted through Murdoch's investment company, Lupa Systems.

Murdoch, son of media mogul Rupert Murdoch, has been building his media holdings independently from his family's News Corporation empire. Lupa Systems has previously invested in various media and technology companies.

The transaction represents a substantial expansion of Murdoch's media presence, adding established digital and print properties to his investment portfolio. New York magazine, founded in 1968, covers politics, culture, and lifestyle topics, while Vox.com focuses on explanatory journalism and news analysis.

Vox Media's podcast network includes popular shows across various topics and has been a growing revenue source for the company. The deal allows Vox Media to focus resources on its remaining properties while providing capital for future operations.

The acquisition reflects continued consolidation in the digital media industry as companies seek to build scale and diversify revenue streams amid changing advertising markets and consumer habits.