BBC wipes £33.8m off Lonely Planet value

Written By: Graeme Neill Publication Date: Tue, 12/07/2011 - 12:16 BBC Worldwide has written down £33.8m off the value of Lonely Planet, blaming the strong Australian dollar and challenges to the travel sector. The broadcaster bought 75% of the business in 2007 for £89m and paid a further £42m for the remaining shares earlier this year. However, in parent BBC Worldwide's (BBCW) annual report, published today, it revealed the write down. The Lonely Planet business is based in Australia and BBCW blamed the strength of the Australian dollar for £20.7m of the total write down. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-07-12 00:00:00 UTC ]
News tagged with: #lonely planet #travel sector #published today

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BBC Two book club series 'Between the Covers' to return

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Runcie, Mozley and Owusu judge BBC National Short Story Award

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Atkinson’s Life After Life on track for BBC One adaptation

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BBC director of arts Claypole to step down

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BBC Studios options Chowdhury's prize-winning The Waiter

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BBC Radio 4 adaptation of Gaiman's fairytale to be released as digital download

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Bonnier's Mann signs up to BBC allyship scheme

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Lone Star Stories: The 10 Best Books About Texas

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Dispatches from an Overheated World: On “Tales of Two Planets”

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The biggest threat to the BBC's independence is the corporation itself | George Monbiot

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Sarah Hall wins BBC National Short Story Award for second time

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Chatto & Windus to publish BBC Radio 4's Covid chronicles

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Hall gets fourth shortlisting for BBC's £15k short story award

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BBC Books goes Behind the Sequins with Ballas

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Inner Traditions Adds Sacred Planet Imprint

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'This Very Cool Planet We Are Lucky to Call Home'

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Clare Pooley | 'It is a book about the importance of community in a world where we are more connected than ever but more lonely than ever'

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