BBC Worldwide has delivered an exceptional set of results, exceeding its target of doubling profit before interest and taxation over two years. This has been achieved through strong trading performance, turnaround or closure of under-performing businesses and a continuing programme of cost efficiencies. The business was also restructured during the year, separating Content & Production activities from the Global TV Sales business.

	Sales (incl. share of joint ventures)		Profit before interest and taxation
	2006 £m	2005 £m	2006 £m	2005 £m
Global Channels	165.4	140.6	6.9	4.0
Global TV Sales	173.1	158.8	31.7	30.9
Content & Production	36.1	13.2	3.2	1.0
Magazines (including Children's magazines)	163.7	169.4	19.3	22.0
Home Entertainment (including Learning)	175.3	160.8	25.8	8.7
Children's (excluding Magazines)	37.7	30.0	(0.9)	(6.6)
Digital Media	33.1	33.2	3.4	(4.8)
Total	784.4	706.0	89.4	55.2

Global Channels delivered an 18% increase in turnover to £165.4 million, with profit before interest and taxation rising to £6.9 million (2005: £4.0 million). Dividends received from the UKTV joint venture were £4.0 million (2005: £2.1 million). Together the channels reach 288 million unique households (2005: 245 million).

Global TV Sales had a record year, with profits of £31.7 million (2005: £30.9 million). Growth in key territories and the success of titles such as Hustle, Doctor Who and My Family drove much of this increase, together with growth in factual coproductions. Margin fell by 1.2%, largely a result of increased amortisation on co-productions and the effect of increased payaways to Independent producers.

Content & Production activities were separated from Global TV Sales during the year, with the success of titles such as Dancing with the Stars and Honey We're Killing the Kids driving growth in profit to £3.2 million (2005: £1.0 million).

Magazines profit was £19.3 million (2005: £22.0 million). The prior year included profit from the sale of Eve magazine as well as significant costs arising on the move of titles to Bristol. On a normalised basis profit before interest and taxation was £20.7 million (2005: £20.2 million) with strong performances from lifestyle and specialist titles offsetting difficult conditions in the childrens market.

Magazines normalised	06	05
Profit before interest and tax	19.3	22.0
Discontinued titles and set-up of Origin	0.4	3.9
Goodwill amortisation	1.0	0.8
Eve sale	-	(6.5)
Normalised profit	20.7	20.2