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29 October 2014
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大象传媒 Worldwide Press Releases



23.04.02

大象传媒 Worldwide to Integrate bVL Websites into Worldwide Core Business


大象传媒 Worldwide today announced the integration into its core business of certain websites formerly owned by beeb Ventures Ltd (bVL). bVL will in due course cease to exist.


From today, websites including those relating to Radio Times and Top Gear will be run by Worldwide's magazines business. A number of other magazine-related websites, for example Top of the Pops, will no longer be transactional and will operate as marketing sites for the relevant magazine.


As a result of these changes, around 38 bVL staff will be affected and helped to find employment either within 大象传媒 Worldwide, the 大象传媒 or externally.


beeb.net, which recently received the accolade 'ISP of the month' from Internet Magazine, will continue to provide easy access to the internet for its customers and will now operate within 大象传媒 Worldwide's global internet business.


These changes are designed to maximise the value of the branded websites and beeb.net and further reduce costs.


bVL was set up by 大象传媒 Worldwide and US-based technology investor, THLee Putnam Ventures, in August 2000. In an agreement between the two parties, THLee has the ability to recoup its investment in a number of ways including the retention of an on-going financial interest in the rights previously held by bVL.




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