Understanding the British Broadcasting Corporation (The BBC)
Unit 7 – Understanding the creative media sector.
————————————————– Introduction ————————————————–
The British Broadcasting Corporation normally known as the BBC is one of the largest companies on the globe today, with a surpassing revenue of over 5 billion. In 2012 the British Broadcasting Corporation could not say that they had no money to spend because with a high revenue like that the British Broadcasting Corporation could not go wrong.
In addition the British Broadcasting Corporation is a UK based international public service broadcaster based within London. It is also the world’s oldest national broadcasting organisation and the largest broadcaster in the world by the number of employees the company holds with over 20,000 staff members in the BBC today.
Some of the BBC’s best milestones:
The British Broadcasting Corporation was founded in 1922 on October 18th by a man called John Reith in the heart of London. The BBC is established under a Royal Charter and operates under it’s lawful agreement with the “Secretary of State” for culture media and sport. Most of the funding is principally brought in by the television licence fee which is charged to everyone that owns a television that produces live broadcaster television.
Another point I would like to add is that the British Broadcasting Corporation has been progressing and evolving over the years as the different technology has also evolved, a good example of this would be BBC iPlayer that has been evolving and changing ever since it launched in 2007 it has been growing as one of BBC’s most viewed website.
———————————————– BBC’s Ownership ——————————————–
As a whole company the BBC is a ‘public corporation’ this means that the BBC is neither a privately ran corporation nor a government run corporation. The company is mainly held in the hands of the British public by the following of the BBC Trust.
In addition the original BBC was founded in 1922 by a group of telecommunication companies which were Marconi, Radio Communication Company, Metropolitan-Vickers, General Electric, Western Electric and British Thomas-Houston to broadcast experimental radio services across the whole of Britain.
Today the British Broadcasting Company is mainly owned by the general public that have a television licence that they have to pay for which then goes to the BBC Trust, but as for ownership or management the twelve individuals in the picture above run the BBC as a whole, they are part of an executive board which is responsible for the operational management of the British Broadcasting Company today.
The executive board runs the British Broadcasting company, they are the people responsible for producing the BBC’s objectives that have been strategically placed out and agreed with the BBC Trust. For example the director-general is the chairman of the executive board he is also the editor-in-chief of the BBC. (Tony Hall)
As a whole the board is made up of directors from within the BBC and the BBC Trust and it is also made up of a number of non-executive directors that are from the outside of the BBC who bring their external knowledge and expertise to the operation of the board.
(The Executive board meets most months and summarises what is going in the BBC)
In addition the BBC is also established by a Royal Charter, the agreement recognises its editorial independence and this then set’s out it’s public obligations. (Within detail)