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Asides

Canny Melbourne lefties sold Lonely Planet for $200M more than BBC could get for it a few years on

Canny Melbourne lefties Maureen and Tony Wheeler sold one-time must-have travel book publisher Lonely Planet to British taxpayers through their BBC in 2007 and 2011 for a total of 130 million pounds./a>

Way back then that was worth around $280 million Australian dollars. That’s a lot of travel books.

The BBC have announced the sale of the business, still HQ’d in Melbourne, for $74 million Australian dollars to a US billionaire. There has been concern about whether the local jobs would be protected but the company has set that straight.

No doubt the couple remain passionate supporters of public broadcasting.

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