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The British Broadcasting Company was formed on December 15, 1922, and received its licence on January 18, 1923. It was backed by six great firms and licensed by the Postmaster-General until the end of 1926.
The British Broadcasting Company became the British Broadcasting Corporation on January 1, 1927. The Crawford Committee, who were appointed by the government to advise on future management and control of the BBC recommended that broadcasting should be run by a public corporation 'acting as trustee for the national interest.
They suggested the governors of the BBC should have the maximum of freedom within this framework. Broadcasting had become a monopoly, financed by licencing fees on radio receivers, and administered by an independent public corporation. It was on this, that the present structure of the British Broadcasting Corporation is based.
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