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11-04-2015, 11:32 AM - 1 Like   #16
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I used to have tremendous respect for Nat Geo but they changed direction a while back, not sure of the year but they made a big fanfair about hiring a new CEO. From that point the content became IMHO more about making a political statement than showing the wonders of the world. It seemed to me they just chased whichever 'cause' was in vogue at the time rather than showing the amazing things they were previously known for. I dumped my subscription in disgust and said then it was only a matter of time before they went down the drain. Not sure what Murdoch will do with it but the decline started long before him.

11-04-2015, 12:00 PM   #17
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Shame about the layoffs. We've had a NG subscription for years and it seems as interesting as ever. Great for casual browsing and amazing photography.
11-04-2015, 01:10 PM   #18
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Here is a theory of evolution. It is called evolution of the market place. If you don't perform you may be swallowed by a larger fish. Then metamorphosis is likely to take place.
11-04-2015, 03:17 PM   #19
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Fish that are eaten generally metamorphose into fish sh**, IIRC.

11-05-2015, 06:54 AM - 2 Likes   #20
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QuoteOriginally posted by PKMike Quote
Here is a theory of evolution. It is called evolution of the market place. If you don't perform you may be swallowed by a larger fish. .
Well, educational non profit organizations are not initially created for a profit, so a free market is not the rule to measure the performance.
11-05-2015, 11:41 AM - 1 Like   #22
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Of course they were struggling way before the acquisition. Part of it was most likely due to them trying to transfer into the regular market sector without being organised to hunt for profits. That is kind of a lost race before it even started and if they would have continued to focus on educational and building a good reputation as a good source for telling stories and facts in a professional way they wouldn't have been caught in the same spiral.

The thing with the latest happenings is that now there isn't really a way to turn back, the commercialization is fulfilled and it is transformed completely into just another big "cheap" regular media unit.This is the backside of free market economy, as soon as you go after the money you have to conform with the market values and form. That kills off a lot of good ideas, products and services that would have been beneficiary to society.

In short NG felt the winds of the market, ran with them and ended up in a storm they couldn't cope with. Now the storm ripped the tree with the roots and the tree will no longer become the same.

11-05-2015, 02:51 PM   #23
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QuoteOriginally posted by VisualDarkness Quote
The worst isnt even the layoffs, it is the fact that he took away the "non-profit" status of NG. That in combination with the touch of Murdoch completely shattered the credibility the organisation built up over 100+ years.
Being "non-profit" make you credible? I'm surprised how many people think that non-profits don't make money. Being non-profit mean you fit business activities into a category that allows you to be tax exempt. One of the restrictions is that you can't distribute profits to shareholders like a corporation. But you can spend lavishly on almost anything as long as it marginally serves the goals of the stated organization. I used to work at a non-profit where our employee bonuses could, and did, equal two months salary. We made profits on what were basically banking activities; loaning money to manufacturing businesses.
11-05-2015, 03:15 PM   #24
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Non-profit might mean a different thing for Americans then, then for Swedes. Here non-profit for sure is more credible in many cases, it isnt just about tax. There is a big difference in how you can run a non-profit organization compared to a regular business.

It has less to do with not "make money" and rather the fact that a regular business has to hunt for profits and with that always look for expansion, while a non-profit one can live in a status quo and even a narrowing role. This makes the regular business more inclined to neglect ethics and lessen quality in the hunt for profit while a non-profit one donīt have to take that route. Of course a non-profit organization is affected by lack of resources the same way as a regular business but there is no ownership and shareholder payout pressure on top of that.

In your case that is some questionable ethics involved in the business that goes against the spirit of non-profit.
11-05-2015, 03:32 PM   #25
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Unfortunate where mismanagement makes it possible to get to the point where an organisation is bought by its enemy. The result could be like McDonalds buying The Food Network or the Saudi government purchasing Al Jazeera.
11-05-2015, 06:37 PM   #26
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QuoteOriginally posted by interested_observer Quote
$Billions are the new $millions!

Just plain old greed.
11-05-2015, 07:50 PM   #27
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QuoteOriginally posted by clackers Quote
Unfortunate where mismanagement makes it possible to get to the point where an organisation is bought by its enemy. The result could be like McDonalds buying The Food Network or the Saudi government purchasing Al Jazeera.
Hoya buying Pentax....

11-05-2015, 07:58 PM   #28
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QuoteOriginally posted by interested_observer Quote
Hoya buying Pentax....


Yes, that was putting the drunk in charge of the bar, wasn't it? :-)
11-05-2015, 08:39 PM - 1 Like   #29
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QuoteOriginally posted by TedW Quote
non-profits don't make money
For-Profits report Profit. They share Profit with government in the form of tax, then share what's left with owners in one form or another.

Non-profits report Revenue In Excess Of Expenses.They share Excess Revenue with no one.

Non-Profit sharing was intended to be 'accomplishing the social mission' they've declared.

Nat Geo forgot about the social mission part.

Last edited by monochrome; 11-05-2015 at 08:45 PM.
11-06-2015, 12:28 AM   #30
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QuoteOriginally posted by micromacro Quote
Well, educational non profit organizations are not initially created for a profit, so a free market is not the rule to measure the performance.
NG was (fiscally) responsible for their own actions. Obviously their financial performance wasn't good enough to keep them afloat (in the market place).
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