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 have long admired what Pam and the New York Media team have built, especially their ability to shape conversations with some of the most relevant and ambitious work in digital, print and events,” Bankoff said in a statement.
The new media organization would span the massive portfolio of Vox Media properties—SB Nation, The Verge, Polygon, Eater, Curbed, Recode and Vox—and New York Media’s New York Magazine, The Cut, Grub Street, The Intelligencer, The Strategist and Vulture. Speaking to The New York Times, Bankoff said there are no plans to consolidate any titles or lay off staff.
Under the terms of the merger, the two editorial networks will remain separate, with New York Media brands led by editor-in-chief David Haskell and Vox Media brands led by publisher Melissa Bell.
“In this partnership, I’m looking forward to creating a new kind of media company with [Bankoff] and our combined teams,” said Wasserstein in a statement.