BROADCASTING’
BRITISH COMPANY'S 5 AFFAIRS TRANSFER TO NEW CORPORATION (Rec. November 12, 7.20 p.m.) ,London, November -11. A White Paper explaining the transfer of the British Broadcasting Company’s affairs to the new corporation; announces that the company will be bought out for £620,000. The new governors and their salaries are as follows: Earl of Clarendon, chairman, £3000; Lord Gainford, vice-chairman, £1000; Sir Gordon Nairne (director of the Bank of England), Dr. Montague Rendall (former headmaster at Winchester) and Mrs. Philip Snowden, each £7OO.
The corporation may acquire musi-. cal copyrights,- literary matter, collect news :from- any part of the world and establish, or subscribe to news agencies. There are how upwards of two million listening-in licenses. 1 The corporation is to receive'9o per' Cent, of the first million licence fees, 80 per cent, from the second million; 70 per cent, from the third million; apd 60 per cent, from the fourth, apd any beyond that number. ‘ .
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Dominion, Volume 20, Issue 42, 13 November 1926, Page 9
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156BROADCASTING’ Dominion, Volume 20, Issue 42, 13 November 1926, Page 9
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