Tuesday, July 14, 2009

Profits fall at BBC Worldwide

BBC Worldwide, which markets BBC programs including "Doctor Who" and "Dancing with the Stars" internationally and owns travel publisher Lonely Planet, said net profit dropped to 40.8 million pounds (C$76.8 million) in the year ended March 31, from 77.6 million pounds in the previous year.

BBC Worldwide said it took a 15 million pound hit from the loss of its joint venture DVD publishing business 2entertain with collapsed retailer Woolworths. The decision of regulators to veto Kangaroo, its proposed online video venture with Channel 4 and ITV, cost it another 9.1 million pounds.

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