Travers Reps Exponent In $198M BBC Magazine Deal

Law360, New York (August 16, 2011, 12:14 PM EDT) -- The British Broadcasting Corp.’s commercial arm said Tuesday that it would sell or license several magazine titles to U.K investment group Exponent Private Equity LLP, as part of two deals that will raise £121 million ($198 million) for the global media giant.

With magazine businesses the world over under intense pressure from digital media, BBC Worldwide Ltd. said it was no longer in a position to manage the operations of BBC Magazines with the focus necessary to keep the unit profitable, and said its attention would...
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