Topyaps Logo

Topyaps Logo Topyaps Logo Topyaps Logo Topyaps Logo

Topyaps menu

Responsive image

Rupert Murdoch Buys National Geographic Media For $725 Million

Published on 10 September, 2015 at 4:53 pm By

National Geographic magazine was started in 1888 and since then, it has been a non-profit publication. With a new deal however, there are fears that the magazine will now most likely become a for-profit publication. The new partnership includes Nat Geo’s media assets – magazine, studios, digital and social media platforms, maps, books and other business including e-commerce and licensing.

After the $725 million deal, 21st Century Fox will own 73% of the new ‘National Geographic Partners’, while the National Geographic Society will own 27%. James Murdoch, CEO of 21st Century Fox and Rupert Murdoch’s youngest son, said that there were no plans to change the magazine.


Advertisement

 

Rupert Murdoch Huff post

Rupert Murdoch Huff post

 

Why are people worried about Nat Geo’s future then? Well, for its 127-year-old history, National Geographic has sponsored groundbreaking scientists and explorers. It has shared vast amounts of information and opinions, using the best creative media platforms. It has kept up with the times and people have grown to trust it. One of its missions includes giving grants to scientists.

Rupert Murdoch is a climate change denier. The Fox media empire is considered to be one of the world’s primary sources of global warming misinformation. This is concerning as neither scientists with any integrity nor audiences would want Nat Geo to turn into a puppet for the unscrupulous.



 

The National Geographic Society has so far taken the extreme opposite stance to Murdoch’s; it has given grants to many scientists who study the impact of climate change. Even though Gary Knell, president-CEO of the Society stated that the new “attractive revenue stream” (which will be just under $1 billion) will allow them to give greater resources for grants, with Fox having a majority share, who exactly will get those grants?

Just weeks ago, Rupert Murdoch tried to clear the air about himself on Twitter by claiming that he’s a climate change skeptic, not denier. However, there are many videos and articles where his views are clearly those of a denier.

People have also been expressing concern about the iconic Nat Geo magazine covers. There are fears that instead of being captivating, they’ll now be more sensationalist and commercialized. Time will tell.


Advertisement

 

Advertisement

Latest Stories

Superstar Rajinikath’s Super Cop Movie Darbar Leaked Online by Tamirockers

Superstar Rajinikath’s Super Cop Movie Darbar Leaked Online by Tamirockers


Akshay Kumar’s Latest Movie Good Newwz Leaked By Tamilrockers After Its Release

Akshay Kumar’s Latest Movie Good Newwz Leaked By Tamilrockers After Its Release


Salman Khan Starrer ‘Dabangg 3’ Leaked Online By Tamilrockers

Salman Khan Starrer ‘Dabangg 3’ Leaked Online By Tamilrockers


Bollywood Reacts on Twitter on Anti CAA Protests Across Nation

Bollywood Reacts on Twitter on Anti CAA Protests Across Nation


Jumanji: The Next Level Movie Leaked Online By Tamilrockers

Jumanji: The Next Level Movie Leaked Online By Tamilrockers


Advertisement

Most Searched

More From Business

Popular on The Web