James Murdoch , the beneficiary of an extra $1.1 billion thanks to a settlement that extricated himself from his older brother and father’s News Corp and Fox empires, may getting back in to the media operating game in a big way. The younger Murdoch is said to be in talks with Vox Media about buying New York magazine and Vox podcast division assets, Rupert Murdoch’s own crown jewel broadsheet The Wall Street Journal reported , citing sources. A rep for James declined to comment on the story from the paper, which said the deal could still fall apart. Ever since exiting his perch as CEO of 21st Century Fox after most of its assets were sold to Disney in a $71.3 billion deal, Murdoch has focused his efforts on building up his venture company Lupa Systems. His firm has taken a stake in the owner of Art Basel as well as Tribeca Enterprises, which puts on the Tribeca Film Festival, among other assets.…