Fox, National Geographic expand partnership in $725 mln deal
Fox will own 73 percent of the joint venture and the National Geographic Society the rest
Twenty-First Century Fox Inc said it will expand its 18-year partnership of operating National Geographic TV channels to include the latter’s magazines and digital platforms, in a deal valued at $725 million.
Fox will own 73 percent of the joint venture and the National Geographic Society the rest.
The deal will increase the non-profit National Geographic Society's endowment to nearly $1 billion, the partners said.
Namesake TV channel breaks National Geographic moldLots of people find a home on the National Geographic Channel, from tuna fishermen to Mormons with more than one wife and “preppers” ... Media
National Geographic ‘Afghan girl’ under probe in PakistanMany Afghan refugees try to get Pakistani ID cards every day using fake documents Asia
Fox News mocked after censoring breasts in Picasso paintingChristie’s auction house sold the Picasso painting for the world record figure on Tuesday Digital
Fox News under fire for showing uncut ISIS videoThe 22-minute video showed Moaz al-Kasasbeh standing inside a cage while being torched alive Digital
Fox News apologizes for ‘Muslim Birmingham’ remarksCommentators on the network and anchors suggested there were areas in France and Britain in particular where non-Muslims aren’t allowed in Television & Radio