National Geographic to lay off 9 percent of staff - Spokane, North Idaho News & Weather KHQ.com

National Geographic to lay off 9 percent of staff

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The National Geographic Society says it will lay off about 9 percent of its staff of 2,000 as a deal to sell the magazine and other media properties to 21st Century Fox nears completion. The National Geographic Society says it will lay off about 9 percent of its staff of 2,000 as a deal to sell the magazine and other media properties to 21st Century Fox nears completion.
WASHINGTON -

The National Geographic Society says it will lay off about 9 percent of its staff of 2,000 as a deal to sell the magazine and other media properties to 21st Century Fox nears completion.
    
Spokeswoman M.J. Jacobsen said in an email late Tuesday that all employees have been told what their employment status will be once the deal closes later this month.
    
Buyouts have been offered to some employees, Jacobsen said.
    
In September, the 127-year-old nonprofit struck a $725 million deal that gives 21st Century Fox a majority stake in National Geographic magazine, the National Geographic TV channel, and other media properties.
    
The agreement will give the company controlled by Rupert Murdoch's family a 73 percent stake in the new National Geographic Partners venture.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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