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BBC Chiefs Grilled in U.K. Parliament Ahead of Funding Model Review, in the Aftermath of Huw Edwards

Huw Edwards Tim Davie BBC reports consequences Department sports Digital Deloitte Chiefs Funding

18.07.2023 - 17:47

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Naman Ramachandran BBC director general Tim Davie and acting chair Elan Closs Stephens answered searching questions from the U.K.

Lords Communications and Digital Committee on Tuesday on the corporation’s funding model. The BBC’s main source of revenue is annual license fee of £159 ($202).

The BBC annual report, which was published last week revealed that the number of people who bought a license fee fell by 500,000 to 24.3 million.

Consequently, BBC revenues dipped from £3.8 billion to £3.74 billion. The license fee, which is currently frozen for two years, is set to rise significantly in April 2024.

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