National Geographic will make money for Rupert Murdoch

21st Century Fox, owned by Rupert Murdoch, buys all the assets of the National Geographic Society nonprofit. The number of other assets includes the magazine National Geographic, writes Slon.ru. The imminent merger of the National Geographic Society with Murdoch’s company is reported in the National Geographic press release .

Under the terms of the deal, the assets of Fox and the National Geographic Society are combined into a single company, which will be called National Geographic Partners. Known and financial aspects of the contract. So, Fox will pay $ 725 million for a 73% stake in this company. 27% will remain in the possession of top managers of the National Geographic Society. The current president of the National Geographic Society, Gary Nell, will chair the board of directors of the entire structure.

According to the participants in the transaction, its implementation will allow the National Geographic Society to receive additional funds that will be spent on the development of research and educational programs. Among other projects that are planned to be implemented in the near future is a center for cartography, journalism, and photography.
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Currently, the National Geographic Society includes television channels, studios, publishing houses and some other subsidiaries.