BBC Worldwide books $50 million write down of Lonely Planet

Wednesday, 13 July 2011 Books+Publishing

BBC Worldwide has revealed a £33.8 million (approximately A$50.6 million) write down of Lonely Planet in its latest financial results. In its annual report for the 2010-11 financial year, which is available online here, BBC Worldwide said the write down is 'a result of the continued strengthening of the Australian dollar...