Thursday, September 24, 2020

BBC SELLS ITS STAKE IN CHANNELS OWNED WITH DISCOVERY

November 16, 2010 by · Leave a Comment 

In what the London Financial Times has described as a “windfall,” the BBC’s commercial arm, BBC Worldwide, has sold the 50 percent stake that it owns in the international cable networks Animal Planet and LIV to its partner, Discovery Communications for $156 million. It reportedly plans to reinvest the money into its self-branded BBC America […]