Red Ventures aims to propel Lonely Planet into the digital era while remaining committed to publishing the guidebooks that have made Lonely Planet the iconic brand it is today. The acquisition … What are some important factors when choosing accommodations? Lonely Planet has acquired TRILL Travel, an artificial intelligence-driven travel marketplace that turns Instagram posts into bookable experiences. I want emails from Lonely Planet with travel and product information, promotions, advertisements, third-party offers, and surveys. Lonely Planet acquired by Red Ventures. The international brand has helped hundreds of millions of travelers worldwide learn and enjoy amazing adventures each year through digital and print content, including mobile experiences and sought-after local guidebooks. US digital lifestyle publishing group Red Ventures has acquired the iconic Lonely Planet guidebook brand. In other words, the BBC … Lonely Planet had been owned by NC2 Media. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. Acquisition. Red Ventures and Lonely Planet share the belief that travel can be a force for good, and together will aim to enable more travelers to safely and responsibly navigate the world as they venture back into it. Hopefully there isn’t too much consolidation in the food delivery space as that means the promo codes and discounts will die down. The Lonely Planet acquisition, along with CNET Media Group, which Red Ventures acquired from ViacomCBS in October, builds on Red Ventures' vision of transforming the future of consumer journeys by bringing together personalized digital content with data-led insights and products to help consumers discover and decide across a variety of industries. 1 . TPG parent company Red Ventures announced Tuesday morning that it is buying the storied travel company Lonely Planet from NC2 Media. Lonely Planet employees from around the world will be joining Red Ventures - expanding the company's footprint to include Tennessee, Ireland, China and India. Shepard will join Lonely Planet and oversee the integration of Trill’s technology into Lonely Planet’s offerings. 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It publishers a variety of resources for travel, including books and digital. “While the travel industry is experiencing an unprecedented downturn, we believe it will come back stronger than ever, and no brand represents the magic of the modern explorer better than Lonely Planet,” said Red Ventures co-founder and CEO, Ric Elias. The Lonely Planet magazine, launched in 2008, was described by the managing director of BBC magazines as the "star of the show" and, at the time of the 25% acquisition, eight editions were printed globally and the existing circulation of 60,106 continued to significantly grow. Lonely Planet was founded by married couple Maureen and Tony Wheeler.In 1972, they embarked on an overland trip through Europe and Asia to Australia, following the route of the Oxford and Cambridge Far Eastern Expedition.. Advanced. Log In. The marketing and technology company has purchased Lonely Planet travel guidebook publisher for an … CHARLOTTE, N.C., Dec. 1, 2020 /PRNewswire/ -- Red Ventures, a platform of digital businesses, has acquired Lonely Planet, a leading global travel media company and the world's number one travel guidebook brand from NC2 Media for an undisclosed amount. Products. “Through seamless experiences and deeper, personalized relationships, we are uniquely equipped to help more people find the information and tools they need to make life's most important decisions.". The writing was already on the wall when the BBC, which bought Lonely Planet for $200 million in 2007, sold it to Tennessee-based investor NC2 Media for around one-third that amount in 2013. In March 2013, the Trust approved the sale of Lonely Planet. For TouristEye, the acquisition will give it a lot more resources, including access to Lonely Planet content and the help of its massive distribution network in the travel and tourism industry. Uber officially completes Postmates acquisition by TechCrunch. Pricing. There is truly something for everyone here, from the anachronistic shanty bars of Golden Gai, a favourite haunt of writers and artists; to the camp dance bars of Tokyo's gay quarter, Shinjuku-nichōme; and to the old-school izakaya (Japanese pub-eateries) of Shinjuku-sanchōme, where co-workers go to unwind after … I can unsubscribe any time using the unsubscribe link at the end of all emails. Acquisition. As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, reaches 186 million people annually, … It has produced over 150 million travel guidebooks, reaches 186 million people annually, and covers 22,000 destinations around the world. Search Crunchbase. Lonely Planet has produced over 150 million travel guidebooks since 1973, reaches 186 million people annually and covers 22,000 destinations around the … Cornetta declined to give more financial details on the Lonely Planet acquisition. Red Ventures, a media company that owns brands such as The Points Guy, CNET and Bankrate, has acquired Lonely Planet from NC2 Media. CHARLOTTE, N.C., Dec. 1, 2020 /PRNewswire/ -- Red Ventures, a platform of digital businesses, has acquired Lonely Planet, a leading global travel media company and the world's number one travel guidebook brand from NC2 Media for an undisclosed amount. Which vape juice ingredients you need to avoid? Summary. By 2012 BBC wanted to divest itself of the company and in March 2013 confirmed the sale of Lonely Planet to Brad Kelley 's NC2 Media for US$ 77.8 million (£51.5 million), at nearly an £80 million (US$118.89 million) loss. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. The global pandemic is affecting our sleep - Why and what can we do about “Coronasomnia”? As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … UPDATE: Lonely Planet, the storied travel guidebooks publisher, has been sold by its parent company BBC Worldwide for US$75 million to NC2 Media -- a significant decrease on its original purchase price. Shinjuku is the biggest nightlife district in the land of the rising neon sun. Given the scale of the financial loss to BBC Worldwide (BBCW), it asked the Executive to commission a review Lonely Planet acquired by Red Ventures. Overview. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. The headquarters of Red Ventures in Indian Land, S.C. CHARLOTTE, N.C., Dec. 1, 2020 /PRNewswire/ — Red Ventures, a platform of digital businesses, has acquired Lonely Planet, a leading global travel media company and the world’s number one travel guidebook brand from NC2 Media for an undisclosed amount. It has produced over 150 million travel guidebooks, reaches 186 million people annually, and covers 22,000 destinations around the world. Founded in 1973, Lonely Planet has been known primarily for its travel guidebooks, with more than 150 million in print in 14 languages, as well as online content, videos, magazines and more. The acquisition of Lonely Planet required BBCW and the BBC to work in a way that was counter-intuitive to normal practice. Cabrera continued: “Trill is another example of how we strive to enable a seamless user journey and interaction between influencers posting content, … Acquiring Organization: Red Ventures A portfolio of influential brands, digital platforms, and strategic partnerships that help people make life's most important decisions. |   Privacy Policy, Biopharma firm KBI to build $150M manufacturing facility in RTP, Boom may taper off for Zoom if pandemic vaccines prove effective. The companies did … Shepard will join Lonely Planet and oversee the integration of Trill’s technology into Lonely Planet’s offerings. Charlotte’s Red Ventures acquires digital news pioneer, TVGuide operator CNET for $500M, Latest headlines delivered to you twice daily, © 2020 WRAL TechWire. The Lonely Planet acquisition, along with CNET Media Group, which Red Ventures acquired from ViacomCBS in October, builds on Red Ventures' vision of transforming the future of consumer journeys by bringing together personalized digital content with data-led insights and products to help consumers discover and decide across a variety of industries. Lonely Planet acquires TRILL Travel on 2019-04-03 for an undisclosed amount. “Lonely Planet is the perfect platform to fully realize the potential of TRILL. Lonely Planet hopes the acquisition will help it increase its business partnerships. 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Whether there’s room for Lonely Planet is another question. Leading travel media company and #1 travel guidebook brand to enhance Red Ventures’ growing travel portfolio. The amount of the transaction has not been disclosed. “While the travel industry is experiencing an unprecedented downturn, we believe it will come back stronger than ever, and no brand represents the magic of the modern explorer better than Lonely Planet,” said Red Ventures CEO Ric Elias. The BBC Trust has approved the £50m sale, following criticism of the £130m acquisition of Lonely Planet in 2007. Will the COVID crisis signal the end of traditional B2B channels for hotels, and does it matter? Lonely Planet has provided inspiring and trustworthy information for every kind of traveler for nearly 50 years. Key island stakeholders from all over the world started cooperation at the GTI e_Convention. Overview. euros, Gulf Air introduces new fares using Sabre’s branded fares technology, Viva Wyndham introduces complimentary travel insurance programma across resorts, Dr. Stefan Kreuzpaintner new Head of Sales of Lufthansa Group. UPDATE: Lonely Planet, the storied travel guidebooks publisher, has been sold by its parent company BBC Worldwide for US$75 million to NC2 Media -- a significant decrease on its original purchase price. Terms of the Lonely Planet deal were not disclosed. The acquisition of the 50-year-old brand from NC2 Media for an undisclosed sum was announced today. “By joining our travel portfolio, Lonely Planet positions us to revolutionize the consumer journey for travelers, helping more people discover and decide where they’ll go, how they’ll get there, and what to do when they arrive.”. © 1999 - 2016, TravelDailyNews Media Network • Reproduction of the content is allowed ONLY with clear reference to the TravelDailyNews International and a link back. Save. 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