BBC Worldwide confirms Exponent as preferred partner

BBC Worldwide, the commercial arm of the BBC, has confirmed private equity firm Exponent as its preferred strategic partner for BBC Magazines.

BBC Worldwide: confirms Exponent as preferred partner
BBC Worldwide: confirms Exponent as preferred partner

The announcement follows a competitive tender process started in 2010 and the decision to move into exclusive talks with Exponent has been approved by the BBC Trust.

Discussions will continue with Exponent, with a view to completing an agreement this summer, subject to the final approval of the BBC Trust.

Exponent, which owns thetrainline.com and Gorkana, first emerged as a rival to magazine publishing companies last month.

Any deal is expected to involve all the titles of BBC Magazines' core portfolio, as stated by BBC Worldwide from the outset, although any individual licensing conditions are yet to be confirmed.

The official announcement will be welcomed by staff at BBC Magazines, who have had to endure months of speculation regarding their future.

The foundation for any BBC Magazines deal was formed back in March 2010, when in the run-up to the general election, and after months of pressure, BBC director general Mark Thompson suggested change was coming to the division.

He said: "In the future, Worldwide will focus in particular on international, as opposed to UK, business development, on evolution rather than merger and acquisition, and over time will move away from exploitation in physical media like magazines."

This was followed a month later with BBC Worldwide confirming it hopes to hold preliminary conversations with interested companies, but stress any deal was dependent only finding an "appropriate partner who understands the BBC’s values and brands".

BBC Magazines publishes many of the UK's most popular lifestyle, factual and children's titles, including Radio Times, Good Food, Gardeners' World, Top Gear, BBC History Magazine, CBeebies Weekly and Doctor Who Adventures.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Paddy McGuinness joins Bauer Radio for Sunday morning show

Paddy McGuinness joins Bauer Radio for Sunday morning show

Bauer Media has hired Paddy McGuinness, the host of ITV's 'Take Me Out', to present a Sunday show across its radio stations in the North of England and Scotland.

Share
Why Amazon should tread carefully in the wake of its Twitch.tv acquisition

Why Amazon should tread carefully in the wake of its Twitch.tv acquisition

Amazon pipped Google in the battle for Twitch.tv, the live streaming video platform which focuses on gaming-related content. Richard Smith, account director, business planning - intelligence, at Mindshare UK explains, explains why Amazon paid nearly $1bn for the platform.

Share
Media: Why programmatic is an opportunity, not a threat
[Sponsored feature]

Media: Why programmatic is an opportunity, not a threat

Programmatic is ripping up the advertising rule book. However, there's no need for marketers to fear, if you truly understand your brand's audience.

Share

Get news by email