Vox Media and New York Media, which includes New York Magazine and several sister sites, intend to merge, the companies announced late Tuesday.
The deal, which is subject to approval, is expected to close this fall; financial details were not disclosed.
The companies touted a new media organization with multiple revenue streams that will extend into affiliate commerce shopping, digital and print subscriptions, as well as new forays into TV and audio.
Vox Media chairman and CEO Jim Bankoff will remain in his role while Pam Wasserstein, currently CEO of New York Media, will become president of Vox Media and join Vox Media’s board of directors.
“I
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in