The flotation plans will be replaced by a sweeping reorganisation of the business. This will include proposals for the division to work more closely with third parties to maximise the potential earnings from programme rights, licensing and programme sales of the BBC's huge portfolio of TV brands.
The overhaul, announced to employees last week, will see Worldwide return to a structure that is organised by product instead of multimedia divisions separated by subject genre.
Former Worldwide managing director Peter Phippen is to return from the US, where he has been developing the corporation's US operations. He will become managing director of magazines and will be assisted by Nicholas Brett, who is promoted to deputy managing director of magazines.
Worldwide's UK managing director Peter Teague is set to leave the business next year -- he will take on the role of managing director of consumer publishing in the interim.
Dyke's annual presentation on Wednesday is expected to provoke criticisms that BBC1 is losing audience share, despite the BBC governors' demands 12 months ago that Dyke improve its performance.
BBC1's average audience share was 26.8% for the 12 months to March 2001, compared with 28.3% last time.
Dyke is also expected to come under fire for his controversial decision to move Panorama from its Monday night spot to Sunday night after its ratings fell to an average of 3.1m from 3.5m.