21st Century Fox purchases major stake in media projects NPO of National Geographic Society.

Q.  Rupert Murdoch led 21st Century Fox has purchased a majority stake in media projects of which magazine NPO on 11th September 2015?
- Published on 13 Sep 15

a. National Geographic Society
b. Vanity Fair
c. Huffington Post
d. None of these

ANSWER: National Geographic Society
 
127 year old NPO National Geographic Society has sold a majority stake in media properties to 21st Century Fox for USD 725 million. Media properties for which majority stake has been sold include the iconic National Geographic Magazine. The stake acquired will give the Rupert Murdoch headed company a 73% stake in National Geographic Partner’s Venture. This brings the magazine in line with cable channels and other media business. The NPO still retains 27% ownership.

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