Thursday, 2 February 2012

# 159 - WAR - BBC and its financial loans.

As I read in the Telegraph today the BBC has admitted in a letter to a Tory MP that it has received nearly £3 million in grant money from the EU over the past four years.
Other grants totalling £16 million came from local authorities and the money was spent on "research and development projects".
The broadcaster also disclosed that its commercial arm 'BBC Worldwide' borrowed over £141 million from the European Investment Bank since 2003 and £30 million of that figure is still due to be repaid by the end of May this year.
These figures are disclosed in the commercial arm’s annual report, while the BBC's annual report does not make clear where the grant money comes from.

Does anyone seriously believe that these loans won't influence the reporting in the BBC.

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