BBC seeks partner for magazine division

Corporation wants to offload the magazines division of BBC Worldwide, its commercial arm.

The BBC's portfolio of magazines includes Top Gear, Radio Times and Gardeners' World. The business unit made an operating profit of £11.5m in 2008-2009, registering a drop of 31 per cent from the previous year.

KPMG is helping it find a partner for the magazine business. The magazines division will hold preliminary discussions with interested companies in the coming weeks.