Former 21st Century Fox CEO buys a stake in Vice Media
James Murdoch, former CEO of 21st Century Fox, has taken a small stake in Vice Media. Mr. Murdoch, who already sits on Vice’s board, made the investment as part of Vice’s recent acquisition of Refinery29.
The investment, which was first reported by The Financial Times, is through Mr. Murdoch’s holding company, Lupa Systems which he formed after leaving 21st Century Fox. Additionally, Murdoch has invested in a diverse group of media businesses that looks very different from the one his father founded. Also, he is less interested in traditional news ventures.
In addition, he has also invested in other companies including Tribeca Enterprises, which owns the Tribeca Film Festival as well as a production studio. This year, he invested into Artists, Writers & Artisans, a new comics publisher founded by former Marvel executives.