National Geographic sells out to Rupert Murdoch and FOX
http://www.buzzfeed.com/tomgara/rupert-murdoch-is-buying-national-geographic#.mnvjbo3Y2d
After 127 years under the ownership of a non-profit, big
changes are coming to National Geographic: Its magazines, TV
channels and websites are being shifted to a new company
majority owned by Rupert Murdoch's 21st Century Fox, with the
non-profit National Geographic Society keeping a 27% stake in
the new business. 21st Century Fox is paying $725 million to
the society for the deal, meaning the non-profit will be sitting
on an endowment of almost $1 billion once the transaction is
completed. In return, the National Geographic Society will hand
over the bulk of its assets to a new joint-venture company,
National Geographic Partners, that will be 73% owned by 21st
Century Fox. Those assets, according to a statement, include
National Geographic's TV channels, as well as "National
Geographic magazines; National Geographic Studios; related
digital and social media platforms; books; maps; children's
media; and ancillary activities, including travel,
location-based entertainment, archival sales, catalog, licensing
and ecommerce businesses.
- - -
So now if you subscribe to National Geographic, you're supporting
Murdoch and the FOX News Racist Propaganda Service. You know how to
cancel.
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
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