BBC sheds magazines

BBC Worldwide has reached agreements to sell or licence its magazines to Exponent, a private equity firm that own Magicalia, for £121m and offload its joint venture in India.

Essentials of the deals include:

  • Exponent buys all non-BBC-branded magazines – including Radio Times;
  • Exponent to publish BBC titles under licence or as  contract  magazines;
  • Exponent to take subscriptions  and distribution businesses, Dovetail and Frontline;
  • BBC stake in Bath-based Origin also to go to Exponent;
  • Bennett, Coleman & Co, owner of Times of India, buys BBC’s half stake in Worldwide Media, a joint venture in India.

 

 

 

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