BBC is selling Lonely Planet, to NC2 Media, a Nashville-based digital media company, for $77.8 million — $120 million less than what BBC bought it for in 2007.
Left with no other bidders, Italy’s RCS Mediagroup must decide whether Gallimard’s offer of 200 million euros for Flammarion is enough to justify letting it go.
Is it better to see publishers subsumed by fellow publishers than going to an Amazon or Apple? Or does it merely delay the inevitable or even expedited it?
Rumors have been flying in France about whether or not the financially beleaguered giant Italian RCS Mediagroup is unloading its Flammarion subsidiary.