National Geographic magazine shifts to for-profit status with Fox partnership

[Ichingcarpenter]

The National Geographic magazine, a nonprofit publication since its founding in 1888, will shift to for-profit status under a new partnership with 21st Century Fox, the entertainment company controlled by the family of Rupert Murdoch, the two partners said this morning.

The partnership, which will also include the National Geographic cable channel and the National Geographic Society’s other media assets, will be called National Geographic Partners. Fox will own 73 percent of the partnership, and Washington-based National Geographic Society will own the balance. Fox will pay $725 million to the Society for its stake in the partnership. This will push the Society’s endowment to more than $1 billion.

The monthly magazine, with its famous yellow-bordered cover, has been owned since its inception by the National Geographic Society of Washington, the educational and scientific organization based in Washington that has been a philanthropic organization from its beginning.


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

[progressoid]

1. They lost me when their TV channel started making movies of Bill Oreilly's books.

[Xyzse]

2. Well, that is absolutely sh-tty

This actually upsets me quite a bit.

[Logical]

3. Their TV shows have too much psuedo science for me. Nt

[MurrayDelph]

8. They've been running

Richard Hammond's "The Science of Stupid"

[Octafish]

4. Har har. It is to laugh.

All that Science for sale.

[lpbk2713]

5. I look for the NatGeo Channel to go on the decline then.

More stories about the Duck Dynasty assholes, and Palin, and Tedophile and Jindol.

I used to tune in fairly often. I don't expect to do it much longer.

Faux has the Midas touch. Everything they touch they turn to shit.

[yellowcanine]

7. It is already pretty much there, imo.

[yellowcanine]

6. They have adopted Reality TV just as the History Channel has.

Lot of crap about wannabe Euell Gibbons types living out in the woods, chopping down trees, etc.

[Omaha Steve]

9. .