Fox buys a controlling stake in National Geographic for $725 million.
Quote:
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.
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I fully expect future headlines to be along the lines of
"Climate change, fact or liberal propaganda?"
"Sharks, are they corrupting your children"?
"Are Pandas fueling terrorism?"
Or worse yet... 24/7 pawn stars and ice truckers! Wait....
http://www.nytimes.com/aponline/2015...-fox.html?_r=0