4 ms·
Some of the nuance has been lost in the media coverage. The National Geographic Society will still exist as a non-profit, but it is selling control of its media
by gorner 11y ago
Some of the nuance has been lost in the media coverage. The National Geographic Society will still exist as a non-profit, but it is selling control of its media assets to Fox (and presumably would use the proceeds to fund its remaining charitable work).
- TheCoelacanth 11y agoDoes the IRS look into sales like this to ensure that the assets were sold for a reasonable price? It seems like that would be a pretty big loophole if not.
- hugh4 11y agoI'm missing why it's a loophole. Under what circumstances would both parties agree to a sale at an unreasonable price?