Horse farm owner to buy Lonely Planet publishing
US billionaire in addition to Earth conservationist Brad M Kelley is to purchase move publisher Lonely Planet from the BBC.
Kelley, who has owned Kentucky’s famous Calumet Farm since May 2012, was besides a shareholder in addition to board fellow member of Louisville’s Churchill Downs racecourse.
Travel publication Skift.com said sources indicated that Kelley would purchase a bulk controlling stake inward Lonely Planet, “and BBC Worldwide, the commercial arm of BBC which bought Lonely Planet, volition retain a small-but-sizable stake to assist hold editorial command through electrical flow management, every bit good every bit relieve on inter-country taxes”.
BBC Worldwide’s official contestation said: ”We ambit got been exploring strategic options for Lonely Planet for approximately fourth dimension immediately simply no bargain has been done in addition to nosotros are non going to comment on speculation most its future.”
In 1991, Kelley founded Commonwealth Brands, a tobacco fellowship that manufactured cigarettes. Twelve years ago, he sold it for $1 billion. He owns 1.7 1 thou k acres of ranching land in Texas, Florida, and New Mexico, in addition to is active inward the conservation movement. He supports many environmental in addition to wild fauna conservation interests including The Center for The Conservation of Tropical Ungulates. The oculus supports many species including rhino, tapier, wild cattle in addition to antelope. As of 2012, he was the 4th largest soul Earth possessor inward the United States.
Kelley, who lives inward Wyoming in addition to Tennessee, is a recluse who rarely grants interviews.
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