End in sight for BBC Magazines partner search - Licensing.biz

End in sight for BBC Magazines partner search

Exponent Private Equity selected as preferred strategic partner by BBC Worldwide.
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BBC Worldwide has chosen Exponent Private Equity as its preferred strategic partner for BBC Magazines.

The decision comes after a competitive tender process, which started last year. The move has been approved by the BBC Trust.

Discussions will now continue with Exponent, with a view to completing the deal by the summer.

In 2009/10, BBC Magazines made £18.4 million profit on sales of £163 million.

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