// you’re viewing...


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.


Comments are disallowed for this post.

Comments are closed.