The UK government has frozen public broadcaster the BBCs main source of income, the TV licence fee, at Â£145.50 (Â166) per annum for six years after an intensive round of last-minute negotiations that saw the corporation forced to accept a number of additional burdens on its resources.
Under the settlement, the BBC was also forced to accept a commitment to fund the BBC World Service (hitherto financed by the Foreign & Commonwealth Office), meeting the cost of rolling broadband to rural areas and financing local TV services and Welsh-language broadcaster S4C in order to avoid an even more onerous burden of meeting the cost of supplying free TV licences to the over-75s. The latter would have cost about Â£556m Â a sum likely to rise over time.
The settlement means that the BBC will be forced to take a cut of about 16% in licence fee funding in real terms in the run-up to its Charter renewal in 2017, as well as to take on additional commitments amounting to Â£340m.
ICYMI: Ownzones hires former Verizon Media exec Capstraw as chief revenue officer digitaltveurope.com/2021/04/09/own… https://t.co/V3hyR8y6PW
11 April 2021 @ 17:00:01 UTC
ICYMI: Programmatic TV advertising to take off in 2021, claims report digitaltveurope.com/2021/04/09/pro… https://t.co/ea3wQiNk5X
10 April 2021 @ 16:00:01 UTC