BBC Worldwide sales hit £1.16bn in a year
Tuesday 16 July 2013
Selling TV hits such as the natural history series Africa and Strictly Come Dancing around the world helped the BBC's commercial arm, BBC Worldwide, to boost sales by 3 per cent to £1.16 billion in the year to March.
But Worldwide faced fresh controversy as the annual report revealed more details about departing chief executive John Smith's £1.6 million pay package in his final nine months.
Smith, who left in December, got a salary of £337,000, a short-term bonus of £222,000, long-term bonuses of £582,000 and compensation for loss of office of £449,000. He also walked away with a £5.8 million pension pot.
The generous deal came despite the BBC selling travel business Lonely Planet at an £80 million loss in March.
Following the recent row over BBC pay-offs, it emerged Smith has since given back £250,000 in compensation as he has joined Burberry.
BBC Director-General Lord Hall said he wants to "review governance" at Worldwide. The remuneration report also hinted that bonuses will be curbed as the long-term scheme, the Profit Share Plan, has ended. "No decision has yet been taken" to replace it.
Worldwide's headline profits rose 1% at £156.3 million despite a "tough" economy and negotiations with pay-TV firms becoming "even more difficult".
- 1 Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 US? China? India? The 10 biggest economies in 2030 will be...
- 4 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
General Election 2015: David Cameron catching up in polls – but he badly needs a clear lead
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
South Africa xenophobic attacks: Shops looted and violence on streets of Johannesburg as foreigners are forced to hide in police stations
18th century sex toy found in 'toilet of sword fighting school' in Poland
'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
The only black face in the Ukip manifesto is on the page about overseas aid
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...