BBC Worldwide that Channel 4 merge with either the commercial network Five or BBC Worldwide. Channel 4's preferred option of a partnership with the latter was confirmed by chief executive Andy Duncan, who added: "We're in discussions with BBC Worldwide at the moment and they're really very exciting." In the same year, the company was awarded the Queen's Award for Enterprise in recognition of the companies growth and success. In 2012, the company began to reorganise their divisions from a product based system to a location-based system, resulting in Jana Bennett leaving the company. BBC Worldwide sold Lonely Planet in 2013 to
BBC replaced with an HD simulcast of BBC Two; however, flagship programmes, other channels and full funding for CBBC and CBeebies would be retained. Numerous BBC facilities have been sold off, including New Broadcasting House on Oxford Road in Manchester. Many major departments have been relocated to Broadcasting House and MediaCityUK, particularly since the closure of BBC Television Centre in March 2013. On 16 February 2016, the BBC Three television service was discontinued and replaced by a digital outlet under the same name, targeting its young adult audience with web series and other content. Under the new royal charter instituted 2017,