James Murdoch's holding company Lupa Systems agreed to buy a minority share in Vice Media shortly after Vice acquired Refinery29, according to the FT.
Lupa Systems, the media holding company founded by James Murdoch, bought a minority share in Vice Media, according to the Financial Times. Murdoch launched Lupa Systems using proceeds from his family's sale of 21st Century Fox. Vice, which recently purchased Refinery29, is a progressive, digital outlet targeted toward a young demographic. Murdoch wants to distance himself from his family's conservative media leanings, sources familiar with the deal told the FT.
Lupa Systems, the media holding company founded by James Murdoch, bought a minority share in Vice Media, according to the Financial Times. Murdoch launched Lupa Systems using proceeds from his family's sale of 21st Century Fox. Vice, which recently purchased Refinery29, is a progressive, digital outlet targeted toward a young demographic. Murdoch wants to distance himself from his family's conservative media leanings, sources familiar with the deal told the FT.
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