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Vox acquired New York Media, owner of the eponymous biheekly Print magazine, as well as The Cut, Grub Street, Intelligencer, The Strategist and Vulture websites.
The New York Times first reported the acquisition. The transaction is a transaction entirely in shares, according to the Times.
The company said in a press release that Jim Bankoff, CEO and president of Vox Media, will continue to lead all aspects of Vox Media. Pamela Wasserstein, chief executive officer of New York Media, will serve as president and serve on the company's board of directors.
"We took inspiration from Vox Media to follow their growth trajectory and their success in developing top-of-the-line editorial brands and leading the industry in areas such as podcasting and entertainment," said Wasserstein. "When I started chatting with Jim about the future, it quickly became clear that our businesses are combining incredibly well."
Bankoff told The Times that the merger would not result in layoffs of writers or retrenchment of New York Media's New York publications.
Earlier this year, New York magazine laid off 16 full-time employees and 16 freelancers or part-time employees as a result of the magazine's restructuring. Discounts accounted for about 5% of New York Media's full-time staff.
New York Magazine debuted 51 years ago and has printed works by authors such as Gloria Steinem, Tom Wolfe and Jimmy Breslin, according to its website. Earlier this year, his longtime editor, Adam Moss, resigned after 15 years at the post. David Haskell – who has been working for the magazine since 2007 – has succeeded him.
In addition to Vox and The Verge, Vox Media also owns Recode, Eater and SB Nation. Vox, who is famous for his explanatory journalism, produced a show for Netflix called "Explained".
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