NatGeo Magazine Is Shedding its Century+ Nonprofit Status
A 73 percent stake for 21st Century Fox
For the first time in its history, National Geographic magazine will become a for-profit venture. The magazine was founded as a nonprofit in 1888, a status that has held until today’s announcement that 21st Century Fox enters into a new agreement with the National Geographic Society that gives Fox a 73 percent ownership stake and turns the magazine into a for-profit.
National Geographic Society retains the remaining 27 percent of the new partnership, which will be called National Geographic Partners.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in