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National Geographic Magazine, Nonprofit Since 1888, Will Become A For-Profit Enterprise
|September 9, 2015||Posted by TravelKinds.Com under General||
National Geographic magazine, the longtime standard-bearer of environmental journalism, will soon be known as a for-profit enterprise after nearly a century and a half as a nonprofit.
The change comes as Rupert Murdoch’s 21st Century Fox expands its ownership of National Geographic properties to a 73 percent majority stake in a $725 million deal. The National Geographic Society will own the remaining 27 percent as a minority shareholder.
The NGS did not immediately respond to a request for comment from The Huffington Post.
A board of equal members from both Fox and Nat Geo will run the entity under the name National Geographic read more >>>
Source : HuffingtonPost.Com