Rupert Murdoch Buys National Geographic Magazine

dywolf writes: In a move that has inspired "dread" among the publication's journalists, as well as long time readers, Rupert Murdoch has just bought a controlling interest in all of National Geographic's media properties. The move turns the long time non-profit into a for-profit media corporation in the process. Some commenters have pointed to Murdoch's previous collaboration with the National Geographic Society, the NatGeo TV channel, as well other once respected publications he has bought such as the Wall Street Journal, as an example of what to expect, and to explain their apprehension at the deal. This raises a question for reader KatchooNJ: As many of you likely know, Rupert Murdoch has famously not been quiet about his denial of climate change. National Geographic gives grants to scientists... so, is anything going to now change with the focus of National Geographic's organization?

Comments

WRONG

[SEE]

The linked article is unfortunately abbreviated and incomplete, and as a result, the conclusions being drawn are wrong.

First off, the Society itself is still an independent non-profit. It just no longer has 100% ownership of the magazine. The effect on the Society is that it will have more money to give to scientists (while 21st Century Fox will have no say in how that money is handed out).

Second, they did not sell a controlling interest; the Society explicitly retains 50% of the Board of Directors for the magazine. The "73%" is Fox's share of profits, not control.