BBC cash story is over the top

Your recent article “BBC Worldwide director leaves” paid admirable tribute to Nick Chapman but contained various inaccuracies, two of which need correcting.

Your report stated that BBC Magazines will report a turnover of 220m for the financial year just ended. In fact, BBC Worldwide’s Publishing division, of which BBC Magazines is a part, will report a turnover of just over 200m for that period.

Secondly, BBC Worldwide has not “built up a cash pile of 500m”. This figure was mentioned in a recent Financial Times article about the BBC’s financial position, and is money amassed by the BBC from the sale of its transmitter network and from efficiency savings.

It has been earmarked for investment in programming and in the conversion to digital technology.

Janie Ironside Wood

Head of press and public relations

BBC Worldwide

London W12

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