
Vox Media
US digital publishing group split in two in June 2026: Penske acquired The Verge and SB Nation; Lupa Systems acquired Vox.com and New York magazine.
Last refreshed: 28 June 2026 · Appears in 1 active topic
How does Vox Media balance covering AI critically at The Verge while adopting AI tools internally?
Timeline for Vox Media
Penske folds Vox titles into PMX
Media's AI PivotMentioned in: BuzzFeed bets the company on Branch Office AI apps
Media's AI PivotWhat brands does Vox Media own?
Does Vox Media use AI to write its articles?
Who owns The Verge?
Background
Vox Media was split between two buyers on 18 June 2026. Penske Media Corporation acquired The Verge, Eater, SB Nation, Popsugar, The Dodo and Thrillist, folding them into a new subsidiary called PMX, with Ryan Pauley named as PMX Global president. James Murdoch's Lupa Systems separately paid more than $300 million for New York magazine, Vox.com and the Vox Media Podcast Network. The dual transaction dissolves Vox Media as an independent publishing entity and disperses its editorial portfolio between two different conglomerates.
Founded as SB Nation in 2003 and renamed Vox Media in 2011, the company expanded through acquisitions of The Verge (2011), Vox.com (2014), New York Media (2019) and Group Nine Media (2022). It was privately held with major investors including Comcast and NBCUniversal. The company generated revenue through advertising, events including the Code Conference, and podcast production, but faced the same structural advertising market pressure as all digital publishers. The dual sale crystallised that pressure as a terminal outcome for the independent entity.
The Penske-Vox transaction reconfigures the AI-era digital publishing landscape in two directions: The Verge, which published some of the most widely-read reporting on AI's impact on media, is now under the same parent as Variety and The Hollywood Reporter, while Vox.com and the podcast portfolio join Lupa Systems alongside New York magazine's political and cultural journalism. For the broader industry, the split is a data point in the ongoing consolidation of independent digital media as a response to falling display-advertising revenues and the AI-driven commoditisation of general news content.