Date: 19.03.2013Last updated: 04.07.2013 at 16.00

Category: BBC Worldwide

Diane Coyle, Trust Vice Chairman and chair of the Strategy and Approvals Committee, said:

"The Trust’s strategy for Worldwide now is to focus on BBC programme content, and Worldwide would not make this sort of acquisition again. 

"Although this did not prove to be a good commercial investment, Worldwide is a very successful business; and at the time of purchase there was a credible rationale for this deal. Given the significant financial loss to Worldwide, however, we have asked the BBC Executive to commission a review of lessons learnt and report to the Trust with its findings."

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