Lonely Planet bought by the BBC

The famous travel guide publisher, Lonely Planet, has been bought out by the commercial side of the BBC, BBC Worldwide, for an undisclosed fee.

BBC Worldwide is planning to grow and expand operations in America and Australia whilst also aiming to increase revenue from online sources. The takeover of Lonely Planet fits in with these plans and will more than likely help the BBC to reach their goals, especially as the Lonely Website receives 4.3 million visitors per month.

Lonely Planet publishes over 500 travelling guides


Tony and Maureen Wheeler set the group up in the early 1970s after travelling across Asia and publishing a book on it entitled Across Asia on the Cheap. This success was followed up by further travelling guides and they now produce around 500 titles that are used worldwide by fellow travelers and backpackers.

Today, Lonely Planet operates out of London, Sydney and Oakland with over 300 on-the-road journalists and 500 employees. Their passion for their work and travelling was recognized in 2005 when they received the Eric A Friedheim Travel Journalism Lifetime Achievement Award from the Society of American Travel Writers Foundation and American University's School of Communication.

BBC Worldwide was set up a little over 10 years ago in 1995 when it took over from BBC Entertainment which had previously run the commercial aspects of the BBC. Worldwide is largely responsible for a wide range of commercial activities that include television and film production, foreign BBC channels (e.g. BBC America), book and magazine publishing, DVD releases, audio productions, education and training materials, exhibitions, live events and general media monitoring.

BBC Worldwide has been coming under intense criticism from rival media companies claiming that BBC Worldwide gained a significant advantage due to their association with the BBC. As a result, BBC Worldwide reviewed their commercial activities in 2004 and decided to refocus their core strategies, one of them being to focus more on the travel industry.

Purchasing new media outlets has not been the only activity since the review in 2004 as the BBC has relinquished BBC Books, selling it on to publishers Random House last year, and also selling eve magazine to the Haymarket Group in 2005. The BBC claim that these did not fit in with the new core strategies they had devised.

The Wheeler’s still own 25% of the business and say that they made decision to sell to the BBC as they believed that the BBC would be able to provide a platform that would help take Lonely Plant to the next level whilst also still holding the business’s values and visions.

Lonely Planet users will now benefit from access to a range of BBC travelling content such as Michael Palin’s New Europe

 

This article was brought to you by Thomas Ross, a web consultant for Costa Rica News.

 
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