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BBC sells Lonely Planet to US with £80 million in loss

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BBC to sell Lonely Planet at £80 mn loss (via AFP)

The BBC’s commercial arm is selling the Lonely Planet travel guide business to a US media firm at a loss of almost £80 million, the British broadcaster said on Tuesday. NC2 Media will buy Lonely Planet, which publishes hugely popular travel guides in nine languages, for £51.5 million. But the price…

AFP's 200 bureaus cover 150 countries across the world, with 80 nationalities represented among its 2,260 collaborators.