- Joined
- Oct 5, 2008
- Messages
- 127,029
- Likes
- 147,633
- Points
- 115
Deal Gives Fox Majority Stake in National Geographic Media
WASHINGTON — The 127-year-old nonprofit National Geographic Society has struck a $725 million deal that gives 21st Century Fox a majority stake in National Geographic magazine and other media properties, expanding an existing TV partnership.
The agreement announced Wednesday will give the company controlled by Rupert Murdoch's family a 73 percent stake in the new National Geographic Partners venture. The society retains 27 percent ownership. The move shifts the longtime nonprofit flagship magazine into a for-profit venture.
http://www.nytimes.com/aponline/2015/09/09/us/politics/ap-us-national-geographic-fox.html?_r=0
WASHINGTON — The 127-year-old nonprofit National Geographic Society has struck a $725 million deal that gives 21st Century Fox a majority stake in National Geographic magazine and other media properties, expanding an existing TV partnership.
The agreement announced Wednesday will give the company controlled by Rupert Murdoch's family a 73 percent stake in the new National Geographic Partners venture. The society retains 27 percent ownership. The move shifts the longtime nonprofit flagship magazine into a for-profit venture.
http://www.nytimes.com/aponline/2015/09/09/us/politics/ap-us-national-geographic-fox.html?_r=0

