BBC buying the rest of Lonely Planet

BBC Worldwide is set to buy the remaining 25 per cent of travel guide publisher Lonely Planet that it does not already own, spending £42.1 million on the 37-year-old venture started by Tony and Maureen Wheeler.

The corporation spent £88.1 million for 75 per cent of the company in 2007, a move that drew heavy criticism from rival companies that it was going beyond the BBC remit of developing its own programming and brands.

But the corporation has stood by its decision to purchase Lonely Planet, and it has helped see the publisher grow across areas as diverse as magazines and digital.

(Source: MediaGuardian)

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


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(Source: POLIS)

 

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