At 12:01 +0100 10/10/07, Kevin Hinde wrote:
>But the BBC is a corporation, and not a company? It has no need to
make profits, for example.
>
Gordo
BBC Worldwide Ltd is a part of the BBC which needs to make profits. The
profits go back into the BBC corporation to help pay for all the things
the corporation wants to do.
http://www.bbc.co.uk/pressoffice/bbcworldwide/worldwidestories/pressrele
ases/2007/06_june/annual_review_2006_07.shtml
Kevin.
Yes, this is true. And a charity can have wholly owned subsidiary
that makes profits, in much the same way.
BBC - not for profit corporation.
BBC Worldwide - a global company that makes a profit.
Gordo
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