Prior to 1979, several BBC departments dealt with the exploitation and sale of BBC brands and programmes. BBC Publications, which produced magazines, books and other supplementary materials, had expanded rapidly in the late 1960s but still had difficulties with finances: in 1974 the division made a loss of £14,000.[5] This was rectified however as the economic situation eased and by 1982 BBC Publications had a trading profit of £4.7 million.[5] BBC Transcription Services licensed BBC Radio material to overseas broadcasters.