BBC - British Broadcasting Corporation

Country: United Kingdom

Region: Europe

Price: 195 EUR

Description:

The leading broadcaster in the UK, British Broadcasting Corporation (BBC), was established in 1926. BBC operates public TV channels, a 24-hour cable news channel, digital channels, national and digital radio networks, and an online news service. BBC News remains the most popular and trusted provider of news in the UK and – through BBC World Service, bbc.co.uk and BBC World – around the globe. In addition, the company (often called The Beeb) operates a number of websites and publishes about 40 magazines.

The British Broadcasting Corporation is a public service broadcaster, established by a Royal Charter and funded by the licence fee that is paid by UK households. Across the UK, the BBC operates 8 television channels and 10 radio networks, 40 local and national radio stations, and the interactive services bbc.co.uk and BBCi. Internationally, BBC World Service broadcasts on radio in 33 languages; BBC World delivers a global television news service; and the online site bbcnews.com offers news and audio for international audiences. The BBC has a commercial arm, BBC Worldwide, which operates a range of businesses including selling programmes around the world and publishing books, DVDs and merchandise. Its profits are returned to the BBC for investment in new programming and services.

The Group comprises:
• UK Public Service Broadcasting (the deemed parent company) and those subsidiaries incorporated to act solely on its behalf, notably Centre House Productions Limited, BBC Property Limited, BBC Property Investment Limited and BBC Free to View Limited (UK Public Service Broadcasting Group);
• BBC World Service (and its subsidiaries);
• Commercial subsidiary companies comprising BBC Commercial Holdings Limited and its various subsidiaries (notably BBC World Group and BBC Ventures Group – which includes BBC Worldwide).

The BBC is a public body and must report financial information to Her Majesty’s Treasury (HMT) for inclusion in the Whole of Government Accounts (a consolidation of financial information covering the whole public sector) using consistent accounting standards, which are not presently based on IFRS because the approach of HMT in the Whole of Government Accounts is to follow UK accounting standards.