British Broadcasting Corporation (BBC) is one of the oldest Media Enterprises in the world. BBC was founded on 18 October 1922 in London, United Kingdom. John Reith and 1st Baron Reith are the founders of The BBC. Head Quarter of BBC is located in London, UK. David Clementi is the Chairperson of the BBC. BBC is the world’s largest broadcaster agency. It has more than 22,000 employees. In the beginning, BBC was the British Broadcasting Company in 1922. But in 1927, it became the British Broadcasting Corporation. BBC has a whole lot of divisions under it. Those divisions are BBC Television, BBC Sports, BBC Radio, BBC News, BBC Studios, and many more. Do most people always wonder about Who Own’s the BBC and What is its Net Worth? Yes, they do. Let’s Find out the details about Who Owns BBC and what is the Net Worth of BBC?
Owner and Net Worth of BBC
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BBC is one of the most renowned and oldest broadcasting agencies. With more than ten subsidiaries, it is the largest broadcasting corporation in the world. Almost 63% of the population of the United Kingdom uses BBC 1. In terms of viewership, BBC is the most popular broadcaster in the United Kingdom. The main reason behind this massive success of BBC is adaptability and development. They have been adopting new technologies and developing their operations. This led them to become the biggest broadcaster in the world. So here’s the main question. Who owns BBC? Let’s find out about the Owner of BBC. Also, let’s take a sneak peek at the Net Worth of BBC.
Owner of BBC
There has been a lot of discussion about the owner of the BBC. Some say John Reith is the owner of the BBC. On the other hand, some say David Clementi and Tim Davie are the owners of the BBC. Well, none of them are true. John Reith is the Founder of the BBC. He was born on 20 July 1889 in Stonehaven, United Kingdom, and died on 16 June 1971. However, David Clementi was the Chairperson of the BBC till February 2021, and Tim Davie is the current Director-General. Now the question is, who is the Owner of BBC? Well, the answer is simple. No one is the Owner of BBC.
Yes, you heard it right. No single person or a group of board members owns the BBC. Instead, BBC is a publicly held company. It is a public corporation. BBC falls under the UK’s Department for Digital, Culture, Media & Sport.
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Massive Net Worth of BBC
With more than 22,000 employees, BBC is one the largest of all broadcasting corporations. Almost 19,000 employees are in Public Sector. BBC has a total number of 14 subsidiary divisions. Here is a list of BBC Subsidiary Divisions.
BBC Subsidiary Division
- BBC Television
- BBC Studios
- BBC Sport
- BBC Radio
- BBC News
- BBC Online
- BBC Sounds
- BBC Weather
- BBC Music
- BBC English Regions
- BBC Scotland
- BBC Cymru Wales
- BBC Northern Ireland
- BBC North
Now all of these divisions are primarily under Public Sector. With such a large number of subsidiary divisions, BBC makes a lot of revenue. As of 2021, the Net Worth of BBC was $5.15 Billion. It’s a Billion, with a ‘B.’ It was estimated that the Net income of BBC is $232.64 million. BBC holds a $2.16 billion asset as of 2021.
Most of the money BBC spends on the welfare of the state. BBC spent $317.17 million on current affairs and News. It spent $296.18 million on Movies, Films, and Series. In this way, BBC works as a British public service broadcaster.
