Media scion James Murdoch has struck a deal with the Vox Media digital company to acquire New York magazine, the Vox Media Podcast Network and the Vox editorial brand.

(CNN) - Tuesday night, employees at Vox Media and New York Media learned about their merger along with the rest of the media industry by reading about it in the New York Times. A call for some Vox staffers who had to miss the 2pm due to news. From a business perspective, a combined Vox Media and New York Media makes sense. Shortly thereafter, some Vox Media staffers in the union that represents them convened in their internal Slack group. We have a solid collective bargaining agreement at Vox Media and we are very proud of it," Peterson said.

Photo by Craig Barritt/Getty Images for New York Magazine(CNN) - Vox Media, owner of sites including Vox and The Verge, has added a new element to its publication portfolio: New York magazine. Vox has acquired New York Media, which owns the namesake biweekly print magazine along with the websites The Cut, Grub Street, Intelligencer, The Strategist and Vulture. The company said in a news release that Jim Bankoff, Vox Media CEO and chairman, will continue to lead all aspects of Vox Media. Pamela Wasserstein, chief executive of New York Media, will serve as president and have a seat on the company's board of directors. Earlier this year, New York magazine laid off 16 full-time staffers and 16 freelancers or part-time employees as the magazine restructured.