Rupert Murdoch’s 21st Century Fox buys National Geographic media

[MerryBlooms]

21st Century Fox will purchase National Geographic’s media properties, including its iconic magazine, in a $725 million deal to create a new venture between the two companies.

All media brands will now be part of a joint venture called National Geographic Partners. Those properties include “National Geographic,” magazine, National Geographic Studios, digital and social media platforms, books, maps, children’s media and other business including e-commerce and licensing.

21st Century Fox, now headed by CEO James Murdoch, will own 73 percent of the new entity while the Society will own 27 percent. CEO Declan Moore, formerly the chief media officer for the National Geographic Society, will head up the new company. The National Geographic Society will stay a nonprofit. Murdoch told The Washington Post that there were no plans to change the magazine.

National Geographic first launched the National Geographic Channel in a partnership with Fox in 1997. A press release from National Geographic said the new venture will expand that partnership.

http://www.pbs.org/newshour/rundown/national-geographic-fox-enter-profit-venture/

fuck.

[madamesilverspurs]

1. There was a time

when the nieces and nephews got annual Nat Geo subscriptions as Christmas presents. It was one gift that they always kept; they used them for school projects, then stacked them on their bookcases at home. But the magazines were never discarded. It was one publication that could be trusted.

Sadly, Murdoch's claim that he won't change the magazine doesn't merit any trust. Aunts and uncles will now find other gifts to give. What a damned shame.

[MerryBlooms]

2. When our sons were little, we too had a subscription.

This development is heartbreaking. I just couldn't believe the headline when I first saw it in my FB news feed, so I googled it.

[csziggy]

3. No more of my money will go to National Geographic magazine!

But then none of my money has since 1978 when I bought a life time subscription. It warms my heart to know that Rupert Murdoch will have to keep sending me the magazine for the rest of my life and that he will never make a penny off that obligation.

It's a good reason for me to aspire to live as long as my mother has - she's now 94 so I have a good thirty years if I'm lucky. Maybe longer since Mom doesn't look like she's going to keep over any time soon.

My only worry is that Rupert Murdoch will run National Geographic into the ground and it will either fold or it won't be worth reading any more.

[MerryBlooms]

4. What a lovely goal your mother has set- I wish you the best of luck!

I think once people learn of this purchase, Nat Geo will be in big trouble.

[csziggy]

6. My Dad did pretty good, too - his goal was to live to 90

And he made it 6 months past his 90th birthday.

Our family nickname for Mom is the Energizer Bunny. She just goes and goes and goes. Even when she cracked her hip last spring it only slowed her down for a few weeks.

I hope I last that long - but I'm sure my older sister will. She takes after Mom and never stops going.

[MerryBlooms]

7. Beautiful.

[KT2000]

5. Kardshians in the wild

Hollywood Hot Gossip
History of Hollywood Hill Real Estate
The Secret Underclass of Malibu

and of course - anything anti-Obama

[MerryBlooms]

8. rec.