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BBC holds talks over floating Worldwide.-FT.

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While monopoly media power has to be curbed, it is also imperative that Government also ensures that it does not interfere.But this is followed more in the breach.
Story:
The BBC has been holding discussions with City advisers about floating part of BBC Worldwide, its commercial arm, in response to pressure from the government and commercial rivals to dilute its media market power.

As Sir Michael Lyons, chairman of the BBC Trust, told the Financial Times on Tuesday that he had “an open mind” about the future ownership of Worldwide, people with knowledge of the matter said a partial flotation was one of several possible outcomes, including no change to its status.
http://www.ft.com/cms/s/0/e5f8c2b8-d93c-11de-b2d5-00144feabdc0.html

Written by ramanan50

November 25, 2009 at 08:52

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