Broadcast News

Bookmark and Share
15/08/2007

BBC Resources Limited Prepares For Sale

The BBC has announced that the process for the sale of its commercial subsidiary, BBC Resources Limited, has begun and an advertisement is to appear in the Financial Times, Times and UK trade magazine Broadcast on 16 August.
The sale is subject to the necessary approvals by the BBC's Executive Board and the BBC Trust.
BBC Resources is one of the UK's leading providers of broadcast production facilities and services, and consists of three divisions: BBC Outside Broadcasts, BBC Studios and BBC Post Production.
The sale comes as a result of the Commercial Review whereby the Corporation reviewed all its commercial businesses. The Commercial Review team concluded that the BBC should only own commercial businesses that either export or exploit the BBC brand or content; whilst the services provided by BBC Resources are vital to the BBC, they do not need to be owned by the BBC.
The Corporation has already sold BBC Broadcast to Macquarie.
The BBC believes that the combination of BBC Resources under new commercial ownership and a continued partnership with the BBC will mean the Corporation can leverage its strong relationship and heritage with BBC Resources.
A new owner will provide the profitable and cash generative business with further opportunities for growth, which are not available whilst it is owned by the BBC, balanced with the stability of ongoing contracts with the BBC.
"We are committed to getting the best value for the BBC and licence fee payers, whilst putting staff interests at the heart of the process," said John Smith, Chief Executive, BBC Worldwide and BBC Board Sponsor for the sale.
Andrew Thornton, Project Director, BBC, who is leading the sale, commented: "This is a unique opportunity for any potential bidder; it's not everyday such a treasure trove of outstanding expertise and skills comes on the market. We are looking for a partner that will nurture this and continue to work closely with us to provide the unrivalled quality of services we need, as well as to capitalise on this in the wider industry."
Mike Southgate, Chief Executive, BBC Resources, said: "BBC Resources is full of talent, with a world-class reputation for understanding production values and programme making, both at the BBC and across the media marketplace. Taking our BBC heritage, the sale offers us the chance to grow the business and continue to lead the rapid changes taking place."
It is expected that the sale of the business and transfer of BBC Resources staff to the successful bidder will take place by the end of March 2008, subject to contract negotiations and approvals."
The BBC has said that it recognises the importance of staff in the sale process and will fully consult with the unions and work closely with staff to achieve a smooth transition during the process.
(DS/SP)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

12/03/2024
Ikegami USA To Display Range Of Broadcast Quality Camera Systems
Celebrating its 60th Anniversary this year, Ikegami USA is to demonstrate the latest versions of its wide range of broadcast quality camera systems an
06/03/2024
Miller Tripods Unveils A Variety Of Broadcast And Cinema Solutions
Miller Tripods has unveiled its SkyX 8 fluid head, CinX 8 and 9 large fluid heads and CinX 20, 23 and 25 smaller fluid heads, CompassXV and AirV fluid
06/03/2024
Timeline Deploys Video Broadcast's Camera Control
Timeline is using Videosys Broadcast's camera control to deliver coverage of the British Basketball League championships, which are currently screened
29/02/2024
Presteigne Broadcast Hire Selects Custom Consoles Module-R Control Room Desks
Presteigne Broadcast Hire has chosen Custom Consoles Module-R control room desks for a newly completed gallery at its southern-UK office in Crawley. T
18/04/2023
disguise Brings Motion Graphics to Live-to-Air Broadcast
At this year's NAB show, disguise, a virtual production technology pioneer, is showcasing an Unreal Engine (UE) integration to bring new motion graphi
13/03/2024
Playbox Neo Announces Refinements To Its Broadcast Playout And Channel Branding Solutions
PlayBox Neo has announced new refinements to its range of broadcast playout and channel branding solutions. These include additional creative function
13/04/2016
Production News : Nominations Announced For RTS Scotland Awards 2016
The Royal Television Society (RTS) has announced the nominations for this year's RTS Scotland Awards 2016. The awards cover all forms of production in
06/02/2018
Nominations For RTS Television Journalism Awards 2018 Announced
The Royal Television Society (RTS) has announced the nominations for the RTS Television Journalism Awards 2018. The awards ceremony, sponsored by Gues
11/04/2017
RTS Announce Scotland Awards 2017
The Royal Television Society (RTS) has announced the nominations for the RTS Scotland Awards 2017. The awards cover all forms of production in Scotlan
22/11/2023
BBC Two And BBC Music Announce Cher Meets Rylan
BBC Two and BBC Music will deliver a Christmas present to viewers in the festive form of Cher Meets Rylan in December, which sees legendary singer and
02/10/2015
RTS North West Announce Awards Shortlist
The Royal Television Society (RTS) North West Centre has announced the shortlist for its annual awards at an event hosted by CBBC presenter Lauren Lay
31/03/2023
Sencore To Present Range Of Internet Delivery And Commercial AV Solutions
Sencore will be using NAB2023 (Booth W2500) to present their range of internet delivery and commercial AV solutions. Front and center will be the newl
29/09/2017
RTS Announces Nominations For North West Awards 2017
The Royal Television Society (RTS) North West Centre has announced the nominations for its annual awards, at an event sponsored by Audio Network. Cat
04/11/2014
Production News - RTS Announces Craft & Design Awards Shortlist
The Royal Television Society (RTS) has announced the shortlist for the RTS Craft & Design Awards 2013/2014. The winners will be announced at a ceremon
08/06/2023
BBC Appoints Kerensa Samandis As General Manager For BBC iPlayer
The BBC has appointed Kerensa Samanidis as General Manager for BBC iPlayer. Kerensa joins from Channel 4 and will start the new role on 19 June. Repor