Lonely Planet, one of the world’s most recognized names in digital travel, will now be owned by Nashville billionaire Brad Kelley’s NC2Media. BBC reported the deal for some $77.3 million, about half of what the British broadcasting giant paid for the business back in 2007. Despite the reported £80 million loss BBC will take, some say there are lessons worth learning still.
BBC Worldwide sold Lonely Planet at £51.5m, after paying a total of £130.2m for it, in two stages in 2007 and 2011. For BBC Worldwide, this is a significant loss.
BBC Worldwide, which owns 75% stake in the company since 2007, hasn’t confirmed the deal, but did not deny the rumors.
Just a few days ago, we covered a story about Lonely Planet’s lovely new E-book, and today the news from the travel guide company is that a good portion of its web staff has been given pink slips. The majority of Lonely Planet’s web team is moving to London, while 17 percent will be looking […]
Lonely Planet announced this week a photo ebook from 40 bloggers. Around the World with 40 Lonely Planet Bloggers is a free ebook representing the “love and passion for travel” expressed by members of the Lonely Planet community. In 2008, Lonely Planet began to feature blogs from around the world in program called “Blogs We […]
Indochina is a land of contrasts, where foreign cultures clash with ancient values and technological advancement goes hand in hand with a centuries old way of life. Rice paddy fields and buffalos meet bustling urban metropolises, where hand drawn carts jostle for space with motorbikes – nowhere else in the world quite exhibits the contrast […]
Robert Reid the US Travel Editor for Lonely Planet, and one of the most celebrated travel writers of our time.