E&Y appointed as sales adviser to BBC
Big Four firm chosen to oversee BBC Resources division sell-off after coming out on top in pitch process
The BBC has appointed
Ernst & Young as sale
adviser in efforts to offload its commercial subsidiary, BBC Resources.
Consultants from Ernst & Young, will conduct a strategic review of the
corporation’s commercial arm, which deals with outside broadcasts, studios, post
production and costumes.
E&Y will also advise project director Andy Thornton, who was appointed in
January, to look at options for a sell-off.
The sale of BBC Resources has been in the pipeline for some time, and last
year a government-commissioned report
from PKF recommended that it
should be offloaded.
Other BBC commercial subsidiaries that have already been sold off include BBC
Broadcast and BBC Technology. The business has an annual turnover of £130m –
more than 80% of which comes from the BBC – and employs 1,300 staff.
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