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BBC Worldwide sells Lonely Planet to a Kentucky billionaire for a massive loss

By Patrick Stafford

After weeks of speculation, travel publishing group Lonely Planet has finally confirmed it has been sold to a media group owned by reclusive Kentucky oil and land billionaire Brad Kelley.

The move comes several years after the company’s original founders, Tony and Maureen Wheeler, sold the former Melbourne-based business to BBC Worldwide, and left the day-to-day operations entirely.