Unsustainable government finances allocated by the BBC to sell, "Radio Times"

According to the Xinhua News Agency - British Broadcasting Corporation (BBC) BBC Worldwide's commercial branch's sold more than 16 magazines and a venture capital firm in India to hold shares in two transactions sold a total of $ 199 million. BBC Worldwide's most famous weekly market, "Radio Times" this easy to master.

After the transaction the company said in a statement BBC Worldwide, has together with the "Radio Times" magazine, including the right to operate over its sale to a private group called the EXPONENT. According to the contract, these magazines will remain BBC logo printed.

EXPONENT Group, based in London, is a veritable hodgepodge group, has a number of sites and physical stores, including a ticket booking network, bedding stores, meat companies, brand handbags and so on.

In another transaction in the pile, "Times of India," the owner Bennett Coleman Group, BBC Worldwide bought a venture capital firm in India, "Global Media Co., Ltd." in 50% of all shares held.

Two trading volume totaled $ 199 million.

BBC Worldwide, said, from these two big business against the backdrop of tight government budgets, resulting in major financial allocation by the government sustain the British Broadcasting Corporation, had sold part of the higher-yielding assets as investment in other capital projects. Most transactions will return to BBC headquarters.

"Radio Times" is a veteran of the British newspaper, first published in 1923, mainly published the text version of the broadcast in recent years, additional text version of the TV.