Lonely Planet

BBC Worldwide posts revenue drop as UK, US decline

BBC Worldwide’s overall revenue was down in 2013/2014, although headline profit inched up. The commercial arm of the UK public broadcaster published its annual report this morning, which revealed that by region, revenue and headline profit were down in the UK, US and Australasia, with increased sales in other parts of western Europe and the […]

BBC Trust slams Worldwide over Lonely Planet deal

The BBC Trust, the group that oversees UK public broadcaster the BBC, has issued a damning report on the Corporation’s ill-fated acquisition of the Lonely Planet travel guide. In reviewing the deal the Trust said that the financial forecasts used were “too aggressive” and “highly optimistic” and that Worldwide got “carried away with deal momentum”. […]

Trust criticises Worldwide over £79 million loss on Lonely Planet sale

The BBC Trust has asked senior management at the BBC to order a review into lessons learnt from the loss-making sale of Lonely Planet, which was announced this morning. BBC Worldwide, the commercial arm of the BBC, said it will sell travel guides business Lonely Planet to NC2 Media for an initial consideration of £41.2 […]