±«Óătv

Statement on Lonely Planet sale, March 2013

Date: 19.03.2013     Last updated: 23.09.2014 at 09.50

Diane Coyle, Trust Vice Chairman and chair of the Strategy and Approvals Committee, said:

"The Trust’s strategy for Worldwide now is to focus on ±«Óătv programme content, and Worldwide would not make this sort of acquisition again. 

"Although this did not prove to be a good commercial investment, Worldwide is a very successful business; and at the time of purchase there was a credible rationale for this deal. Given the significant financial loss to Worldwide, however, we have asked the ±«Óătv Executive to commission a review of lessons learnt and report to the Trust with its findings."