BBC Worldwide sells off 34 magazine titles and all but exits the business

In a complicated deal that has taken many months to come to fruition, BBC Worldwide has sold off its portfolio of 34 magazine titles and is mostly exiting the magazine business. The deal with Exponent Private Equity LLP, is for £121m and involves taking over all the non-BBC-branded magazines (such as Radio Times) outright and publishing BBC-branded titles such as Top Gear under a contract