Government sell-off of BBC Worldwide could net £2bn

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The sell off of BBC Worldwide could net £2bn for the Government, according to the Daily Mail.

It emerged yesterday that the BBC’s commercial arm is among state-backed assets that the government is considering selling. Others include: the Met Office, the Tote and the Dartford Crossing.

The Mail quotes the Asset Portfolio document which says: “The government now expects the BBC to look more widely at the options for greater financial and operational separation, including a sale or partial sale.

“Alternatives to sale or partial sale might also include other structures that would that would potentially enable the introduction of external capital, broadening the ownership of the asset and yet retaining the link to the BBC.”

Worldwide includes a number of successful magazine spin-offs such as Top Gear, Gardener’s World and Radio Times.

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