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(The New York Times)   BBC sells Lonely Planet guidebook series to reclusive Kentucky billionaire. Damn, that five bucks a month sure does add up   ( divider line
    More: Interesting, Lonely Planet, British Broadcasting Corporation, Kentucky, New York Times Company, guides, TripAdvisor  
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1524 clicks; posted to Business » on 19 Mar 2013 at 12:15 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

5 Comments     (+0 »)
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2013-03-19 12:20:04 PM  
he is one of the biggest land owners in America.
2013-03-19 12:31:11 PM  
The price, £51.5 million, or $77.3 million, was nearly £80 million below the £130 million that the BBC paid for Lonely Planet .........  At the time of the purchase, the BBC - then headed by Mark Thompson, who is now chief executive of The New York Times Company - talked about extending the Lonely Planet brand into new areas, including digital outlets.

Must be nice to fail up. In most jobs, if you are short a $20 bill from your register, you are asked to hit the bricks. But if you lose millions, your golden parachute catches the trade winds and lands you on another rooftop cabana.
2013-03-19 01:09:28 PM  
I'd buy LP, just so I could put my house in the listing of "recommended hostels." Then I'd have hot, young Aussie hippie chicks constantly showing up on my porch.

(and weirdo German dudes, but I'd just tell them we're full up.)
2013-03-20 07:22:22 AM  
I like the TV series.
RJB [BareFark]
2013-03-20 12:34:18 PM  
I think a travel guide authored by Drew would be a great read. But then again, I like to drink.
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