American Nostalgic Sentiment For The BBC And Misplaced
The BBC (British Broadcasting Corporation), has a unique relationship to and
place in history concerning modern world media. It is an entity which it has reported,
documented, educated and dramatised though it's various media the very world in
which it exists. It is a national and international broadcasting
corporation established by a royal charter. The organisation, although
having undergone significant changes due to the new-media technological
revolution, remains a behemoth. The BBC has adapted continuously
over the decades to remain a leading world news and media source. It has
diversified into foreign markets aggressively using it's impressive heritage, as
a powerful marketing tool. Regardless of it's market friendly appearances
abroad, the BBC is still a state owned, state funded media conglomerate.
The phrase media conglomerate is important, as the BBC exists in radio,
television, internet, and print publications. The BBC importantly is a
state owned corporation belonging to the worlds 5th largest economy.
Despite being publicly funded this corporation exists in the free market too,
and raises money across the world, through the sale of it's broadcasts and other
media related materials. A giant of the media age, disguised often as the
honest broker of world affairs; the BBC is funded by an annual tax of $230 USD,
paid by every household in the UK, and still the corporation is able to sell
broadcasts across the world for even more money! In 2005 the BBC has the
largest budget of any UK broadcaster with an operating expenditure of £4
billion/$7 billion USD (that's $7000,000,000 US).