Feeds

BBC flogs Broadcast div

Sells off union problem

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

The BBC has flogged off its broadcast services division to a bunch of Aussies for £166m.

BBC Broadcast provides transmission, playout and promotional services for the Beeb. It has been sold to Creative Broadcast Services which is owned by Macquarie Capital Alliance Group and Macquarie Bank.

The sell-off has been a long time coming, as staff sought guarantees on job security and pensions.

A spokesman for Bectu said: "Staff aren't happy, most want to stay within the BBC, but they are happy with the guarantees on jobs and pensions which we've received."

The new owners have promised not to make any compulsory redundancies for a year and to guarantee final pension payments. Contracted revenue with the BBC is expected to total at least £500m by 2015. The company expects continued increases in the number of TV stations, and therefore potential customers, to drive demand, as will the increased regulatory demands for broadcasters to include subtitles or sign language.

More details on Macquarie's website here.®

Related stories

Union lobbies Jowell over BBC Technology sell-off
BBC shortlists tech division buyers
BBC to flog technology division

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.