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21st Century Fox-y National Geographic dealings
NEWSWATCH: Rupert Murdoch's 21st Century Fox adds the National Geographic brand to its portfolio, in a deal set to close later this year...
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The 127-year-old National Geographic has given Murdoch's 21st Century Fox a 73% stake.
Some were surprised at the move, reports BoingBoing.Net, as Murdoch is a climate change denier and his family is often punted as misinformants about global warming.
Sceptics unleashed their views on Twitter, of course:
I expect National Geographic to be all about Duck Dynasty, Palin's new outdoor show & new Black Panthers when Rupert Murdoch is done with it
- Jesse LaGreca (@JesseLaGreca) September 10, 2015
Aaaaand National Geographic is over. Goodbye. So long and thanks for all the lions ;( http://t.co/bvRLrsF8BP
- Max Dillon Coyle (@MaxDCoyle) September 10, 2015
But it's not necessarily anything to worry about, as Fox already owns a majority stake in National Geographic's cable channels and has proven it's "not in the business of meddling".
Here's hoping the up-to-now not-for-profit and its assets, now dubbed 'National Geographic Partners', benefits from the $725m deal announced with Murdoch's 21st Century Fox.
Especially as Star reports they're hoping the additional resources "will enable the National Geographic society to basically double its investment in science, research and education programs"... Time will tell, especially as it's set to be a 'commercial media company', reports The New York Times - click here for more.
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