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No flotation of BBC Worldwide

September 17, 2009

The BBC Trust ruled out any substantial flotation of the broadcaster's commercial arm. Chairman Sir Michael Lyons said the BBC Trust "wouldn't contemplate" a loss of direct control over the sale of programmes and merchandise which had been produced using licence fee money.

His ruling came a few days after reports that the BBC's strategy could be to float up to 80 per cent of BBC Worldwide.



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