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At BBC Worldwide: Smith Out, Davie In

The company, which makes money from BBC programmes by selling the rights to other broadcasters overseas, has grown into one of britain’s biggest media businesses under his leadership, delivering £155 million of profits on £1.1 billion of revenues last year. John Smith is understood to have wanted Worldwide to be privatised so that he could run it in a shamelessly commercial manner. Tim Davie, who cut his teeth at PepsiCo before joining the BBC in 2005, had been widely tipped to succeed Smith.

Read the whole story at The Telegraph »

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