BBC Worldwide to explore selling stake in its magazine business

[This post has been updated]Following a review of BBC Worldwide's operations last year, the BBC Trust has said that the BBC can explore the sale of  all or part of its magazine division. It includes such large and well-known titles as Radio Times (the most profitable publication in the group), Top Gear and Lonely Planet and last year made a profit of £18.4 million.The BBC has already sold its

BBC Worldwide says profits up 36.5% last year; magazine division holds its own

BBC Worldwide Ltd., the corporation's magazine and commercial division, has reported its operating profit for the year ending March up 36.5% to £145.2 million. According to a report in Press GazetteChief executive John Smith said: "Today’s figures, with profits up by 36.5 per cent, demonstrate that our strategy is working. As well as developing into a diversified global media business and

BBC may sell off some of its magazines, partner on others

BBC Worldwide is undertaking a shakeup of its multi-title magazine division and is considering selling Radio Times magazine. According to a story in the Times newspaper, BBC Worldwide is considering entering into a licensing arrangement or partnership with a rival publisher for many or all of its 50 titles, maintaining editorial control and the vaunted BBC standards while enabling the