The BBC took a second writedown against the value of publishing unit Lonely Planet for the fiscal year ending as of the end of March, taking a £16.1 million “charge to the income statement.” It’s the second time the broadcaster has taken a charge because of the travel publisher–the previous writedown, of just under £34 million, was revealed this time a year ago (hence some headlines this week talking about a £50 million charge). Last year the impairment was blamed on both the rising Australian dollar and the bankruptcies of major booksellers; this year the BBC focuses again on the […]
