 BBC Buys Lonely Planet |
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| BBC Worldwide, the commercial arm of the BBC, has bought the travel guide publisher, Lonely Planet. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Ali Ali Watters Post Count: 3867 Msg: #1 790 days ago, October 1st 2007 |  BBC Worldwide, the commercial arm of the BBC, has bought the travel guide publisher, Lonely Planet.Lonely Planet, founded by husband and wife team Tony and Maureen Wheeler in 1972, publishes around 500 titles that are widely used by backpackers.  BBC Buys Lonely Planet Heads up! Wow - that's big news - Lonely Planet (despite some rubbish guide books and admittedly some good ones) - are the biggest player in the guide book scene. The amount is undisclosed - probably $30 million plus - my estimate only. (Added: "Telegraph" (UK): BBC 75% for $140million) What this means for backpackers and also the massive amount of potential promotion the BBC can give to them is anyone's guess at the moment. Some speculation involves Lonely Planet TV, and all the BBC travel content shown on it - Michael Palin... travelling everywhere. [Edited: 04:39 - Ali ]  AquaVitae James Nichols Post Count: 8 Msg: #2 790 days ago, October 1st 2007 | Wow, Im suprised by this news. I didnt think they would sell those books. I wonder what will happen now. |  ConMel Irish Traveller Post Count: 96 Msg: #3 789 days ago, October 1st 2007 | Looks like Tony Wheeler finally sold out. | Interesting as well, since Michael Palin has regularly endorsed the 'Footprint' range.  the wilderness years hollie Post Count: 67 Msg: #4 789 days ago, October 1st 2007 | Did anyone see this coming?! I had no idea the BBC would be interested in entering into such a massive enterprise. | Perhaps this might mean the BBC will bring us more travel on television. With so many freeview channels it would be fantastic to have one dedicated to travel, especially with the big switchover to digital making all the channels available to everyone (well, everyone who switches over..). Although, my cynical side says this is just the BBC putting another finger into another pie..the Lonely Planet series surely make big bucks. Even so, the BBC have always brought us some fantastic travel/geographical/natural science/natural history books, (if few and far between) so perhaps I shouldn't be quite so cynical! ...and hey, I'm really enjoying Michael Palin's New Europe, I just hope Eastern Europe doesn't get the "Palin Effect" before I get there to enjoy it in all its unspoiled glory!!!  The Nomad Camo Post Count: 71 Msg: #5 789 days ago, October 1st 2007 | Wow big news!!! | I have long been a Lonely Planet user for reasons of thoroughlly researched guides. Sure sometimes the maps are a little off and some info not quite right but its been a big part of my travels over the years. However, now that the BBC (Who is a huge corperation who wants more money) has bought them I wonder what will become of them.. I would hate to think that they limit the amount of research and effort going to into books for sake of saving money and raise profits. That could only lower the quality of the books and I would then have to start using another brand.. I guess I need to get the whole story. Does anyone know if they have sold the entire company or just a portion of it?? What is Tony's thoughts?? Will be an interesting story to follow...  travellingmum Bobbie Post Count: 108 Msg: #6 789 days ago, October 2nd 2007 | Well i suppose it is good and bad. anyone who starts a large company may dream of selling it for big bucks one day and using the money to retire and live large. They are obviously big travellers (dah) and will probably be very happy to use the money to travel around ( I am assuming, or if they did enough travelling for work, sit still somewhere for a while!) | The sad thing is that it was a big australian enterprise (originally) though they are from England they lived here in australia and raised kids here. As with lots of things Australian they get sold overseas as noone here wants to buy them (companies) or cant afford to buy them. This happens ALOT in Australia, very few things here are actually Australian owned. I hope it all works out well in the end. AquaVitae James Nichols Post Count: 8 Msg: #7 789 days ago, October 2nd 2007 | Well, Tony I guess till owns a certain stake of the company just not the majority so I wonder how that will affect things. |  CanadianViking Josh N Post Count: 41 Msg: #8 789 days ago, October 2nd 2007 | According to the "Telegraph" (UK) the BBC bought a 75 percent stake in Lonely Planet for Seventy Million Pounds. | Not dollars, not euros, but POUNDS. Wow. Ali Ali Watters Post Count: 3867 Msg: #9 789 days ago, October 2nd 2007 | 70million GBP - $140 million - I was way off the mark ;) - but yes I can believe that figure easily. | travellingmum Bobbie Post Count: 108 Msg: #10 789 days ago, October 2nd 2007 | It would be interesting to find out if they (wheelers) have any other projects in the pipeline. | Also I think that perhaps lonely planet is getting so big maybe they needed to pass it onto a global company? it isnt exactly the small company they started years ago  Ellen Around the World Ellen Post Count: 102 Msg: #11 788 days ago, October 3rd 2007 | Interesting. I'm not convinced its a good thing. Though it might open up a new market for a niche backpacker bible. The LP stopped becoming that some time ago and I'm intrigued that it still gets used by budget travellers/backpackers and more affulent travellers alike. Ah well - won't feel so bad about buying those Vietnamese photocopy rip offs now!! |  Mikey M Mike Meggiato Post Count: 325 Msg: #12 787 days ago, October 3rd 2007 | Well i imagine it was inevitable really, like google bought youtube and microsoft are looking to buy a share in facebook, you get so big that a bigger company gets interested and the money on the table is too tempting:) | aprilsagar Sagar Trapasia Post Count: 4 Msg: #13 787 days ago, October 4th 2007 | cheap deal...i thought lonely plant was worth more.. |  Vinovat Sudarynya Jonathan Campion Post Count: 701 Msg: #14 787 days ago, October 4th 2007 | The Lonely Planet's "Book of Cities" is absolutely superb, and perfect for both planning trips, and calming the travel bug just after them. |  Bryan Bryan and Miranda Post Count: 5 Msg: #15 781 days ago, October 10th 2007 | Not a good thing. The big guys control more and more! Ali has BBC made you an offer? | operasingr rebekah luisse Post Count: 5 Msg: #16 754 days ago, November 5th 2007 | Mind you, the way forward for many is less print media and more online. Maybe BBC's plans are moving that way. As Murdoch has indicated with his latest move, more and more of us are preferring to go online for info. Check out our baby portal<SNIP>if you are ever heading for Tuscany... Happy travels!! | [Edited: 08:51 - Administration - Url removed. For advertising on TravelBlog see: http://www.travelblog.org/advertising.html] Number of Users: 13 | Number of Posts: 16 | |||||||||||||||||||||||||
