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The upgrading and innovation in the sector of broadcasting has made the globe to be a small Individuals easily converse with each other across the world. News is channeled from one country to another across the planet. This has enabled people to be aware of what is happening in different parts of the world. Numerous broadcasting stations have been established and are constantly competing to win the highest number of This competition has prompted these stations to improve their services in order to be the best. In order to compete effectively and operate smoothly, a broadcasting station requires adequate funding. For this reason, numerous financial support models have been established to ensure that the broadcasting station operates successfully.

The British Broadcasting Corporation is among the numerous broadcasting stations that have been in existence for many years. The financial support model for this station changes with time. The media industry experiences diverse changes with regard to their funding models. A significant transformation has been evidenced from time to time in the funding models of broadcasting stations across the planet. Scores of these stations fund their own services while others may get the help of the government through its revenue. This paper draws attention to the British Broadcasting Corporation. This broadcasting station is situated and operates from London. It’s headquarter is located in Broadcasting Houses in Westminster, London.

It serves as a British public service station as it is concerned with commercial as well as ommunal matters. The British Broadcasting Corporation gets its funding from tax that is collected annually referred to as television license fee. The collecting process is carried out by government officials. This collection caters for all British households. The amount of fee to pay was determined by the For any collection to happen, an approval form authorized by the parliament must be presented by the collecting The British Broadcasting Corporation initially acted as a public station but as time progressed, it shifted to the private sector where it started handling advertisements.

The United Kingdom established the British Broadcasting Corporation with the aim of channeling public issues to citizens. Its establishment was essential since the government intended to reach the massive population in order to update them on current government dealings. Due to this large population, the government was forced to make its citizens compensate for the services offered by the station. This is when the government introduced the television license fee where all people with houses paid a specified fee yearly. In December 1932, the United Kingdom government transformed the broadcasting station to become the British Broadcasting Corporation. It had been turned into an international station. This change meant the station to required additional finance.

This could not be raised through television the license fee only. Currently, due to thee emergence of many private broadcasting stations, the British Broadcasting Corporation has sort for alternative means of improving their funding. The British Broadcasting Corporation worldwide limited provides a wide range of market that covers a wide geographical area. Furthermore, it provides commercial services to the private sector and personal commercial business. It promotes new-fangled products and the sell of novel products in which they charge a service fee. There are several branches that have emerged as a result of the success of the British Broadcasting Corporation. They support their own activities as well as boost the operations of the mother station by supplementing its funds. These affiliates include: post production limited and studio.

The British Broadcasting Corporation worldwide limited acquires funds from its business revenue. The funding models have changed from time to time. This trend has been going on since the establishment of the station. This shows that for an advertising media to advance, it needs to change its operating strategies. The growth of this station ahs influenced funding models to change Initially, it utilized television license fee as its funding model. However, when it advanced, the station recruited the assistance of the government funding through the domestic license fee. Many media houses the world over have undergone changes from time to time.

Starting in 1964, a series of pirate radio stations (starting with Radio Caroline) came on the air and forced the British government finally to regulate radio services to permit nationally based advertising-financed services. In response, BBC reorganised and renamed their radio channels. On 30 September 1967, Light Programme was split into BBC Radio 1 offering continuous "Popular" music and [ BBC] Radio 2 more "Easy Listening".Third Programme became BBC Radio 3 offering classical music and cultural programming. Home Service became BBC Radio 4 offering news, and non-musical content such as quiz shows, readings, dramas and plays. As well as the four national channels, a series of local BBC radio stations were established in 1967, including Radio London.

In 1969, BBC Enterprises department was formed to exploit BBC brands and programmes for commercial spin-off In 1979, it became a wholly owned limited company, BBC Enterprises. In 1974, BBC's teletext service, Ceefax, was introduced, created initially to provide subtitling, but developed into a news and information service. In 1978, BBC staff went on strike just before the Christmas of that year, thus blocking out the transmission of both channels and amalgamating all four radio stations into one. In 1988, it sold off the Hulton Press Library, a photographic archive which had been acquired from Picture Post by BBC in 1957. The archive was sold to Brian Deutsch and is now owned by Getty Images.

During the 1990s, this process continued with the separation of certain operational arms of the corporation into autonomous but wholly owned subsidiaries of BBC, with the aim of generating additional revenue for programme-making. BBC Enterprises was reorganised and relaunched in 1995, as BBC Worldwide Ltd. In 1998, BBC studios, outside broadcasts, post production, design, costumes and wigs were spun off into BBC Resources Ltd. The BBC Research Department has played a major part in the development of broadcasting and recording techniques. BBC was also responsible for the development of the NICAM stereo standard. The new station would be a news and sport station.

In 1997, BBC News 24, a rolling news channel, launched on digital television services and the following year, BBC Choice launched as the third general entertainment channel from BBC. BBC also purchased The Parliamentary Channel, which was renamed BBC Parliament. In 1999, BBC Knowledge launched as a multi media channel, with services available on the newly launched BBC Text digital teletext service, and on BBC Online. The channel had an educational aim, which was modified later on in its life to offer documentaries. In 2002, several television and radio channels were reorganised. BBC Knowledge was replaced by BBC Four and became BBC's arts and documentaries channel.

CBBC, which had been a programming strand as Children's BBC since 1985, was split into CBBC and CBeebies, for younger children, with both new services getting a digital channel: CBBC and CBeebies. The 2004 Hutton Inquiry and the subsequent Report raised questions about BBC's journalistic standards and its impartiality. This led to resignations of senior management members at the time including the then Director General, Greg Dyke. In January 2007, BBC released minutes of the board meeting which led to Greg Dyke's resignation. Unlike the other departments of BBC, BBC World Service was funded by the Foreign and Commonwealth Office.