|Local TV BBC funding - end of the line...|
Readers of the Peterborough Tribune will recall that we urged any business considering sponsorship or donating towards a so-called local television bid for Peterborough should do nothing, and keep their cheque books closed.
One of the reasons is now public, BBC funding for Local TV, which was introduced under the last Coalition government, is to be scrapped. NO NEW FUNDING FROM THE BBC.
There are currently 20 local TV stations broadcasting mainly on Freeview Channel 8 in cities around the UK.
The existing local broadcasters currently benefit from £25m of licence fee money which was used to set up the transmission network, and £5m a year over three years to buy their content for the BBC. The scheme administered by the soon to be abolished BBC Trust.
This was designed so that each station might sell content worth £300,000 a year to the BBC under the arrangement. Some 11 more stations are due to be launched this year, and three more in 2017.
Ofcom now saddled with the responsibility for regulating the BBC, following the scrapping of the BBC Trust, say there will be no additional and/or new stations added to the schedule.
There will now be no additional funding for the fledgling network beyond the original £40m which was administered by the soon to be scrapped BBC Trust.
E&OE google.com/+JulianBray Tel:+44 (0) 1733 345581 .