3 ms·

He hasn't bought it yet.

• celticninja 11y ago
  That's not what the first line of the article says: "The National Geographic Society of Washington will lay off about 180 of its 2,000 employees in a cost-cutting move that follows the sale of its famous magazine and other assets to a company controlled by Rupert Murdoch."
  • gorner 11y ago
    The deal has been announced but it hasn't actually been completed yet. Though obviously the layoffs are part of the process before the sale is final. News reports very frequently treat deals that have been announced as complete long before they are finalized, even if government approval is not guaranteed (e.g., some of the early coverage of the proposed Comcast-TWC merger said "Comcast has bought...").
  • eli 11y ago
    And yet later in that same article: "The deal, which will close in mid-November, precipitated concerns about layoffs at the organization..." I suppose it's just semantics at this point.