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BBC To Sell Lonely Planet Guide Biz

PUBLISHED BY: SURENDER KUMAR
MARCH 19, 2013

   
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The BBC is selling the Lonely Planet travel guide business to NC2 Media, which publishes hugely popular travel guides for £51.5 million.


 

The price is a massive 60 % loss on the £130.2 million that BBC had spent acquiring it in two chunks in 2007 and 2011. The BBC’s purchase created controversy because Lonely Planets’s commercial arm had been selling BBC productions.


 

Lonely Planet has sold 100 million plus books since its inception in 1970s by two travel enthusiasts, husband and wife Tony and Maureen Wheeler.



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