Exactly what did Rupert Murdoch's 21st Century Fox do? NPR reports:
In a $725 million deal, the 127-year-old National Geographic magazine is leaving behind its nonprofit status and becoming a key piece of a new venture between its parent organization and 21st Century Fox.Fox is Already in National Geographic
If you've not kept up on cable TV deals, 21st Century Fox already owns about that much of National Geographic TV. That deal went down 18 years ago. The channel currently reaches 500 million homes worldwide.