As a bit of a tip-of-the-hat to the royal wedding being celebrated today, we look at the company that will no doubt lead the rest in covering this event, the British Broadcasting Corporation, known around the world as the BBC. Today’s market size is the estimated total value of the annual licensing fee which is levied on every U.K. household that has a television set. This fee was established under law in 1922 and although controversial today, remains in place. The sum collected makes up approximately 80 percent of the BBC’s annual budget.
Geographic reference: United Kingdom
Year: 2010
Market size: £3.6 billion (approximately $5.6 billion based on the exchange rate at the end of 2010)
Source: Lyall, Sarah and Eric Pfanner, “The Beeb Is Struggling to Tighten Its Belt,” The New York Times, April 24, 2011, page B1.
Original source: BBC
Well! Congratulations. This works! In record time, too! Bravo!
All thanks to Joyce and her diligent persistence. Our web host, Biznet, was also helpful.
Yes, we are very happy to have made this move.