National Geographic Partners “Modernizes,” Laying Off 1% Of Total Workforce

National Geographic

National Geographic Partners, the joint venture controlled by 21st Century Fox that includes cable networks and the storied nature magazine, has laid off about a dozen members of total workforce of just shy of 900 people.

Reps for the venture cited an overall modernization and streamlining, which has been under way since Fox paid $725 million for control in 2015.

“As we align our U.S. business with our growth objectives — where we continue to increase our investments — and modernize our circulation marketing, we unfortunately had to eliminate what represents a little over 1% of our team across the company,” the company said in a statement.

The belt-tightening comes a few weeks after Fox agreed to sell most of its assets to Disney in a merger that is altering the media landscape even if it is more than a year away from regulatory approval. The company, which first teamed with the National Geographic Society to launch several cable networks in 1997, now holds about 73% of the venture.

The National Geographic network has been making significant investments in programming and rolled out a major rebranding in 2016. Genius, its Ron Howard-directed anthology series, collected 10 Emmy nominations for its debut installment about Albert Einstein, which starred Geoffrey Rush. An upcoming second season will star Antonio Banderas as Pablo Picasso.

This article was printed from https://deadline.com/2018/01/national-geographic-partners-lays-off-1-of-workforce-1202267328/