• Mar 15, 2011
Top Gear Magazine may find itself under new rulers soon. The BBC has put the magazine up for sale alongside titles like Radio Times and Gardeners' World, and so far four publishing houses have expressed interest in nabbing the lot. Chief among those are the rival German companies Bauer and Burda. According to reports, Bauer has submitted a bid of around £100 million, or around $161 million at current conversion rates. That figure tops the £70 million bid that British houses Haymarket and Future have thus far submitted for the publications.

It's clear that Bauer wants to own the trio of magazines, though the move would have to be approved by the BBC Trust first. Since Bauer already owns two other magazines that would directly compete with Radio Times, red flags may start popping up on that deal soon.

Meanwhile, it's thought that if Burda takes the reins, some of the magazines' operations may be moved to Germany in short order.

[Source: ThisIsMoney]


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    • 1 Second Ago
  • 11 Comments
      • 3 Years Ago
      Anyway most of the British auto makers are owned by foreigners. Now even their automotive journalism industry is going to foriegn hands.
        • 3 Years Ago
        http://jalopnik.com/#!5660230/what-is-the-most-american-car

        You don't understand how business works.
        • 3 Years Ago
        Share ownership isn't as important as productivity, which is the primary vehicle which spurs any country's economic status. Without healthy productivity, shareholders will only relinquish their investment, irespective of whether they're dealing with a private or publicly owned entity.
      • 3 Years Ago
      Gee, I bet the British are real proud of this.
      • 3 Years Ago
      Don't do it Top Gear, don't sell out to the Germans.

      look what happened to Car and Driver magazine aka (Car and Driver of Germany)

      Germans pretty much bought up all ad space and it has become nothing more than a
      marketing arm for BMW, Audi etc. so you end up with outlandish comparison outcomes like M3 beating GT-R.

      • 3 Years Ago
      But how is the magazine affiliated with the show anyway ? Do the annoying presenters write for the magazine ? and how will this relationship be effected by the takeover ?

      The magazine is rubbish anyway, Autocar all the way.
        • 3 Years Ago
        So whats gonna happen when its sold ? Have they considered this ? Will they continue to write for the magazine ?
        • 3 Years Ago
        Yes Jeremy,James and Richard write a column each in the magazine. They also write other articles at times too.
      • 3 Years Ago
      Top Gear should be bought by someone who doesn't give jack about professional offended idiots.
      • 3 Years Ago
      Apparently, capitalism finished what Hitler couldn't.

      UK transport company Arriva, the larges train company in the UK that also runs about 20% of London buses was bought by Deutsche Bahn last year. It also owns Chiltern Railway and the company, that used to be known as EWS (English, Welsh and Scottish Railway), the largest cargo train company is now called DB Schenker. Germans also own the Queen's Royal Train.

      RWE, the German energy company, owns npower, UK energy supplier and also Thames Water, London water supply company. E.ON, another German company, owns British Powergen.

      Deutsche Telekom owns T-mobile, not that's important as France Telecom owned Orange merged with the UK T-Mobile. In other words, Franco-German company is the larges cell phone player in the UK.

      By the way, Electricite France own 8 out of 24 nuclear reactors, British Energy, and you cannot travel to or from Britain if you don't use French or Spanish owned companies.