21°c N/A
The Canadian Press - ONLINE EDITION
BBC sells Lonely Planet travel guide business to American company
LONDON - BBC Worldwide, the commercial arm of the BBC, says it has agreed to sell its travel guide business, Lonely Planet, for 51.5 million pounds ($77.8 million) to U.S.-based NC2 Media.
The BBC said Tuesday the decision follows a review that laid out a strategy to focus on BBC brands. NC2 Media, based in Nashville, Tennessee, has primarily focused on the distribution and development of digital content.
Lonely Planet has printed approximately 120 million books in 11 different languages. However, the company's performance has been hit by the consolidation of the publishing industry and the economic crisis, which hurt travel.
Founded in 1973 by Tony and Maureen Wheeler, Lonely Planet employs 400 people and is headquartered in Melbourne, Australia. The strength of Australia's currency has also hurt the company.
More Travel
- Back to Top
- Return to Travel
More Travel
(1 of 6 articles for today)
Judge in Italy orders trial for captain in shipwreck of Costa Concordia, which killed 32
5:12 PM 0
Poll
Most Popular Travel
- These beaches have gone to the dogs; lucky pooches lap up the shoreline where they run free
- B.C. mining museum features underground train ride, gold panning family fun
- Universal Orlando raises ticket prices; 1-day, 1-park pass is $92
- Family not giving up finding Toronto-area man in snowy mountains of Australia
- Saudi man jailed after pressure cooker found in bags at Detroit Metro Airport seeks bond
- Galveston's rising tide
- Dive into your love affair with Belize
- Montreal Science Centre adds 3-D Imax film to exhibition on sharks
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- Eruption of Alaska volcano prompts cancellations of some area commuter, cargo flights
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- Eruption of Alaska volcano prompts cancellations of some area commuter, cargo flights
- Saudi man jailed after pressure cooker found in bags at Detroit Metro Airport seeks bond
- Man breaks world record by riding Ferris wheel at Chicago's Navy Pier for more than 48 hours
- Chefs serve fine food, wine at Fenway Park to raise money for Boston Marathon bombing victims
- Drug offences, kidnap coverage concerning
- Breakaway is a beauty
- 5 free things in South Dakota's Black Hills, from historic towns to famous monuments
- Galveston's rising tide
- 200 re-enactors present pageant Memorial weekend at Fort Michilimackinac in Mackinaw City
- Nephew says arrest of Saudi uncle with pressure cooker at Detroit airport was misunderstanding
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- Eruption of Alaska volcano prompts cancellations of some area commuter, cargo flights
- Saudi man jailed after pressure cooker found in bags at Detroit Metro Airport seeks bond
- Trailer-park temptations
- Man breaks world record by riding Ferris wheel at Chicago's Navy Pier for more than 48 hours
- Vacation in Iceland? Why not?
- Minnesota Bound
- Chefs serve fine food, wine at Fenway Park to raise money for Boston Marathon bombing victims
- US tourists swim for nearly 14 hours after ship sinks near St. Lucia
- Brown v. Board site to display black doll from race studies to mark ruling's 59th anniversary
- Scenic Tours has unique take on river cruises
- B.C. mining museum features underground train ride, gold panning family fun
- Dive into your love affair with Belize
- Brown v. Board site to display black doll from race studies to mark ruling's 59th anniversary
- The true Cuba
- Scenic Tours has unique take on river cruises
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- A big helping of Bellingham
- Vacation in Iceland? Why not?
- Dive into your love affair with Belize
- B.C. mining museum features underground train ride, gold panning family fun
- Air Canada's new check-in deadline: 45 minutes before domestic departures
- Buenos Aires' endless nights
- Japan's Mount Fuji poised to be recognized as World Heritage site
- Small batches, big flavour
- NEEPAWA: Lily Capital of the World; home of literary legend
- Hey, baby
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.