National Geographic gives Fox control of media assets in $725 million deal

I’m surprised no one ever brought this up. Just another hoohum day . . .

National Geographic gives Fox control of media assets in $725 million deal https://www.washingtonpost.com/lifestyle/style/national-geographic-magazine-shifts-to-for-profit-status-with-fox-partnership/2015/09/09/7c9f034e-56f0-11e5-8bb1-b488d231bba2_story.html On Wednesday, the iconic ­yellow-bordered magazine, beset by financial issues, entered its own uncharted territory. In an effort to stave off further decline, the magazine was effectively sold by its nonprofit parent organization to a for-profit venture whose principal shareholder is one of Rupert Murdoch’s global media companies. In exchange for $725 million, the National Geographic Society passed the troubled magazine and its book, map and other media assets to a partnership headed by 21st Century Fox, the Murdoch-controlled company that owns the 20th Century Fox movie studio, the Fox television network and Fox News Channel. Under the terms announced Wednesday, Fox will control 73 percent of the operation, called National Geographic Partners, with the balance held by the National Geographic Society. ...
I'm surprised no one ever brought this up. Just another hoohum day . . .
National Geographic gives Fox control of media assets in $725 million deal https://www.washingtonpost.com/lifestyle/style/national-geographic-magazine-shifts-to-for-profit-status-with-fox-partnership/2015/09/09/7c9f034e-56f0-11e5-8bb1-b488d231bba2_story.html On Wednesday, the iconic ­yellow-bordered magazine, beset by financial issues, entered its own uncharted territory. In an effort to stave off further decline, the magazine was effectively sold by its nonprofit parent organization to a for-profit venture whose principal shareholder is one of Rupert Murdoch’s global media companies. In exchange for $725 million, the National Geographic Society passed the troubled magazine and its book, map and other media assets to a partnership headed by 21st Century Fox, the Murdoch-controlled company that owns the 20th Century Fox movie studio, the Fox television network and Fox News Channel. Under the terms announced Wednesday, Fox will control 73 percent of the operation, called National Geographic Partners, with the balance held by the National Geographic Society. ...
Yikes, the world really is going to hell in a handbasket! The US anyway. Lois

Yeah, the National Geo TV channel has been going to hell a long time, I hate to think of what the magazine is going to turn into.
Oh but Murdock promises to keep their hands to themselves.
You can check out the Wall Street Journal to see how well that promise worked out in the past.

They must be really desperate, lol.
I used to read the magazine growing up; its been going downhill for a while now, and the move over to digital hasn’t helped.