Rafat Ali’s travel site Skift reported Monday that wealthy Kentuckian Brad Kelley “is in final stages of negotiation” with the BBC to “buy a majority controlling stake in Lonely Planet.” The story says the BBC would retain “a small-but-sizable stake to help maintain editorial control through current management, as well as save on inter-country taxes.” Veering further into speculation, the piece suggests that Kelley–who made his money from cigarettes, and then became a significant land-owner and conservationist–might pay “close to $100 million” for that unspecified share of the publisher. The BBC replied to the story with a statement that is […]
