Vox Media has acquired New York Media and its New York Magazine editorial property for an undisclosed amount.
Jim Bankoff, chairman and chief executive officer, Vox Media, will lead the newly expanded company. Pam Wasserstein, chief executive officer, New York Media, will take on the new role of president at Vox Media. Her position will continue to see her oversee strategic initiatives for the New York Media brand. Wasserstein will also now serve as a board of director for Vox Media.
“I have long admired what Pam and the New York Media team have built, especially their ability to shape conversations with some of the most relevant and ambitious work in digital, print and events,” says Bankoff. “This combination puts Vox Media in an unparalleled position to lead the media industry forward by focusing on the highest-quality offerings, most robust business models and strongest company culture.”
On the editorial side, New York Media brands will stay distinct from Vox. David Haskell, editor-in-chief, New York Media, will continue in his current role. Melissa Bell, publisher, Vox Media, will also continue to lead the Vox portfolio of brands. The collective company will have offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Detroit and London.
Vox’s portfolio will now include Curbed, The Cut, Eater, Grub Street, Intelligencer, New York Magazine, Polygon, Recode, SB Nation, The Strategist, The Verge, Vox and Vulture.