BBCWW £1bn sales, profits fall

BBC Worldwide, the BBC's commercial arm, saw yearly revenue hit £1 billion 
(E1.16bn) for the first time, but profit fell because of write-offs on Kangaroo 
and damage from the collapse of its video distribution joint venture with 
Woolworths. In the year to March 31st, revenue rose 9.5 per cent, while profits 
were just £85.7 million.

BBC Worldwide made more than half of its revenue from abroad, from just below 
half last year. Five per cent of revenue came from online activity..

http://mnilive.com/2009/07/bbc-to-drive-down-talent-costs-sir-michael-lyons/



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