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BBC Worldwide selects preferred partner for BBC Magazines

BBC Worldwide, the commercial arm of the BBC, has announces that it has selected Exponent Private Equity as its preferred strategic partner for BBC Magazines.

This follows a competitive tender process started in 2010. BBC Worldwide’s decision to move to exclusivity with Exponent has been approved by the BBC Trust. 

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

About BBC Magazines

According to BBC Worldwide:

• In 2009/10 BBC Magazines made £18.4m profit on sales of £163m;

• In the last available ABC results, BBC Magazines was up 0.5% year on year, with an total circulation of 3,110,197, and with subscriptions to BBC titles at an all-time high of 904,867 (Jul-Dec 2010);

• 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.