Ownership and Funding
Ownership concepts Public Service Broadcasting - often referred to as PSB, this refers to broadcasting intended for public benefit. OFCOM requirements state that certain television/radio broadcasters such as the BBC fulfill parts of the requirements as part of their licence. The BBC was the first public service broadcaster in the UK. Commercial Broadcasting - also called private broadcasting, this is the broadcasting of programmes by a privately owned corporate media. Commercial broadcasting is based upon the airing of advertisements for profit, and channels such as ITV and Channel 4 do this. Corporate and Private Ownership - corporate ownership is the shared ownership of a product by two or more corporations. It is considerably complex as although an individual or company may own all the shares, they are not personally responsible for it. A corporation has many rights, such as to enter into contracts, loan and borrow money, sue, hire, and pay taxes. However, private own
