Final Impact Assessment

Total Page:16

File Type:pdf, Size:1020Kb

Final Impact Assessment Title: Impact Assessment (IA) Local TV: Implementing a new framework IA No: DCMS005 Lead department or agency: DCMS Date: 28/06/2011 Other departments or agencies: Stage: Final Ofcom, HMT, BBC Source of intervention: Domestic Type of measure: Secondary legislation Contact for enquiries: Ruth John - 020 7211 6977 [email protected] Summary: Intervention and Options What is the problem under consideration? Why is government intervention necessary? Research (see para 34) shows high demand from audiences for local news and content, some of which is available through newspapers, radio and online. However, the UK market has been unable to support sustainable commercially viable local TV, as it is hampered by market barriers with limited regulatory incentives. Despite television being the media platform with the greatest household use, these barriers limit commercial opportunities for local TV to develop. Government can incentivise the market and encourage growth by tackling the barriers to entry and creating a framework for local TV services to emerge that will bring wider economic, social, cultural and democratic benefits. Local TV will have a vital role to play in the localism agenda, in holding local institutions to account and increasing civic engagement at a local level. What are the policy objectives and the intended effects? In line with the Coalition Agreement, Government is committed to enabling local TV to emerge in the UK. The Government will create a regulatory framework to enable and support commercially sustainable local TV as part of the wider growth agenda. This will not be an imposition on existing broadcasters or create new regulatory burdens. Instead it will create an opportunity for the market, through reservation of sufficient geographic interleaved spectrum to carry local TV; implementing a new fit-for-purpose local TV licensing regime; and ensuring that licensed local TV providers can benefit from appropriate prominence in television electronic programme guides (EPGs). The BBC has committed to contribute to capital infrastructure costs and to ongoing costs for the first 3 years through purchase of local content. What policy options have been considered, including any alternatives to regulation? Please justify preferred option (further details in Evidence Base) 1. Do nothing. This has no cost or impact on the market. Makes it extremely unlikely that sustainable local TV will emerge and succeed. 2. Create a new local TV framework with three key elements: a) Acquring spectrum b) Ensuring EPG prominence c) Developing a fit-for-purpose local licensing regime The costs and benefits of the options Government could use to deliver this framework are considered in detail in the Evidence Base section, taking into account alternative options for spectrum and EPG prominence. Will the policy be reviewed? It will be reviewed. If applicable, set review date: 6/2014 What is the basis for this review? PIR. If applicable, set sunset clause date: N/A Are there arrangements in place that will allow a systematic collection of Yes monitoring information for future policy review? Ministerial Sign-off For final proposal stage Impact Assessments: I have read the Impact Assessment and I am satisfied that (a) it represents a fair and reasonable view of the expected costs, benefits and impact of the policy, and (b) the benefits justify the costs. Signed by the responsible Minister: Date: 16 June 2011 1 URN 10/1268 Ver. 2.0 12/10 Summary: Analysis and Evidence Policy Option 1 Description: Do Nothing Price PV Base Time Net Benefit (Present Value (PV))(£m) Base Year Year Period Low: 0 High: 0 Best Estimate: 0 Y COSTS (£m) Total Transition Average Annual Total Cost (Constant Price) Years (excl. Transition) (Constant (Present Value) Low 0 0 0 High 0 0 0 Best Estimate 0 Description and scale of key monetised costs by ‘main affected groups’ N/A (Local and national media industries would continue within their current parameters , with no new costs imposed on businesses). Other key non-monetised costs by ‘main affected groups’ N/A (Local content in press and on radio will continue to see a decline through structural and cyclical change. This may have a consequent impact on businesses which struggle to survive. This has a consequent impact on society of benefits of local TV not being realised. These are the 'Benefits' in Option 2). BENEFITS (£m) Total Transition Average Annual Total Benefit (Constant Price) Years (excl. Transition) (Constant (Present Value) Low 0 0 0 High 0 0 0 Best Estimate 0 Description and scale of key monetised benefits by ‘main affected groups’ N/A (these have been captured as opportunity costs in Option 2). Other key non-monetised benefits by ‘main affected groups’ N/A (these have been captured as opportunity costs in Option 2). Key assumptions/sensitivities/risks Discount rate Without any intervention from Government, local television will continue to face technical and market barriers, accompanied by limited regulatory incentives. In trying to get viable services carried on digital terrestrial television, local TV services have to compete with national broadcasters but without an appropriate legislative framework to support them. Given the small size of these companies and with an unfavourable cost framework, the risk is too great for investors and businesses to develop a business model and invest in. Local TV may eventually emerge on IPTV over the coming years, but the timeframe for this is difficult to establish, and it is likely to be more disparate, fragmented, and difficult to find (a television platform rather than internet would provide significantly greater visibility and television is the most used media platform). Direct impact on business (Equivalent Annual) £m): In scope of Measure qualifies Costs: N/A Benefits: N/A Net: N/A No NA 2 Enforcement, Implementation and Wider Impacts What is the geographic coverage of the policy/option? United Kingdom From what date will the policy be implemented? N/A Which organisation(s) will enforce the policy? N/A What is the annual change in enforcement cost (£m)? N/A Does enforcement comply with Hampton principles? N/A Does implementation go beyond minimum EU requirements? N/A What is the CO2 equivalent change in greenhouse gas emissions? Traded: Non-traded: (Million tonnes CO2 equivalent) N/A N/A Does the proposal have an impact on competition? No What proportion (%) of Total PV costs/benefits is directly attributable to Costs: Benefits: primary legislation, if applicable? N/A N/A Distribution of annual cost (%) by organisation size Micro < 20 Small Mediu Large (excl. Transition) (Constant Price) N/A N/A N/A m N/A N/A Are any of these organisations exempt? N/A N/A N/A N/A N/A Specific Impact Tests: Checklist Set out in the table below where information on any SITs undertaken as part of the analysis of the policy options can be found in the evidence base. For guidance on how to complete each test, double-click on the link for the guidance provided by the relevant department. Please note this checklist is not intended to list each and every statutory consideration that departments should take into account when deciding which policy option to follow. It is the responsibility of departments to make sure that their duties are complied with. Does your policy option/proposal have an impact on…? Impact Page ref within IA Statutory equality duties1 No Statutory Equality Duties Impact Test guidance Economic impacts Competition Competition Assessment Impact Test guidance No Small firms Small Firms Impact Test guidance No Environmental impacts Greenhouse gas assessment No Wider environmental issues Wider Environmental Issues Impact Test guidance No Social impacts Health and well-being Health and Well-being Impact Test guidance No Human rights Human Rights Impact Test guidance No Justice system Justice Impact Test guidance No Rural proofing Rural Proofing Impact Test guidance No Sustainable development No Sustainable Development Impact Test guidance 1 Public bodies including Whitehall departments are required to consider the impact of their policies and measures on race, disability and gender. It is intended to extend this consideration requirement under the Equality Act 2010 to cover age, sexual orientation, religion or belief and gender reassignment from April 2011 (to Great Britain only). The Toolkit provides advice on statutory equality duties for public authorities with a remit in Northern Ireland. 3 Summary: Analysis and Evidence Policy Option 2 Description: Create new local TV framework (preferred option using secondary legislation to: reserve GI spectrum; ensure appropriate EPG prominence; and implement a robust local licensing framework) PRICE PV BASE TIME NET BENEFIT (PRESENT VALUE (PV)) (£M) BASE YEAR PERIOD 20 LOW: - HIGH: - BEST ESTIMATE: SEE YEAR YEARS BELOW COSTS (£m) Total Transition Average Annual Total Cost (Constant Price) Years (excl. Transition) (Constant (Present Value) Low - - £0 High - - £80m (opportunity cost) Best Estimate £40m * Description and scale of key monetised costs by ‘main affected groups’ This policy is about creating an opportunity in the market for businesses to take advantage of. It does not impose new direct costs or burdens. * Reservation of some Geographic Interleaved spectrum for local TV could represent an opportunity cost to those who might otherwise have used the spectrum for other DTT purposes if they chose to acquire it. This opportunity cost ranges from £0 to £80m and the assumptions are set out at paragraph 75. The BBC is providing a contribution of up to £40m over 4 years to local TV, set out at paragraph 116. Other key non-monetised costs by ‘main affected groups’ Reservation means HMT would not receive open auction receipts. However, (1) it may receive funds through Administered Incentive Pricing; (2) previous auctions for GI spectrum have released it at the reserve price of £10,000; (3) this is only a small part of the GI spectrum available in the UK (approx 5-8%).
Recommended publications
  • Future for Local and Regional Media
    House of Commons Culture, Media and Sport Committee Future for local and regional media Fourth Report of Session 2009–10 Volume II Oral and written evidence Ordered by The House of Commons to be printed 24 March 2010 HC 43-II (Incorporating HC 699-i-iv of Session 2008-09) Published on 6 April 2010 by authority of the House of Commons London: The Stationery Office Limited £0.00 The Culture, Media and Sport Committee The Culture, Media and Sport Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Culture, Media and Sport and its associated public bodies. Current membership Mr John Whittingdale MP (Conservative, Maldon and East Chelmsford) (Chair) Mr Peter Ainsworth MP (Conservative, East Surrey) Janet Anderson MP (Labour, Rossendale and Darwen) Mr Philip Davies MP (Conservative, Shipley) Paul Farrelly MP (Labour, Newcastle-under-Lyme) Mr Mike Hall MP (Labour, Weaver Vale) Alan Keen MP (Labour, Feltham and Heston) Rosemary McKenna MP (Labour, Cumbernauld, Kilsyth and Kirkintilloch East) Adam Price MP (Plaid Cymru, Carmarthen East and Dinefwr) Mr Adrian Sanders MP (Liberal Democrat, Torbay) Mr Tom Watson MP (Labour, West Bromwich East) The following members were also members of the committee during the inquiry: Mr Nigel Evans MP (Conservative, Ribble Valley) Helen Southworth MP (Labour, Warrington South) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House.
    [Show full text]
  • One Man's Personal Campaign to Save the Building – Page 8
    The newspaper for BBC pensioners – with highlights from Ariel online Goodbye TVC One man’s personal campaign to save the building – page 8 April 2013 • Issue 2 bbC expenses regional dance band down television drama memories Page 2 Page 6 Page 7 NEWS • MEMoriES • ClaSSifiEdS • Your lEttErS • obituariES • CroSPEro 02 baCk at thE bbC Pollard Review findings On 22 February, acting director general Tim Davie sent the following email to all staff, in advance of the publication of the Nick Pollard. Pollard Review evidence: hen the Pollard Review was made clearer to ensure all entries meet BBC published back in December, Editorial standards. we said that we would The additional papers we’ve published Club gives tVC a great release all the evidence that today don’t add to Nick Pollard’s findings, send off WNick Pollard provided to us when he they explain the factual basis of how he (where a genuine and identifiable interest of delivered his report. Today we are publishing arrived at them. We’ve already accepted the BBC is at stake). Thank you to all the retired members and all the emails and documents that were the review in full and today’s publication There will inevitably be press interest and ex-staff who joined us for our ‘Goodbye to appended to the report together with the gives us no reason to revisit that decision as you would expect we’re offering support to TVC’ on 9 March. The day started with a transcripts of interviews given to the review. or the actions we are already taking.
    [Show full text]
  • Select Committee of Tynwald on the Television Licence Fee Report 2010/11
    PP108/11 SELECT COMMITTEE OF TYNWALD ON THE TELEVISION LICENCE FEE REPORT 2010/11 REPORT OF THE SELECT COMMITTEE OF TYNWALD ON THE TELEVISION LICENCE FEE At the sitting of Tynwald Court on 18th November 2009 it was resolved - "That Tynwald appoints a Committee of three Members with powers to take written and oral evidence pursuant to sections 3 and 4 of the Tynwald Proceedings Act 1876, as amended, to investigate the feasibility and impact of withdrawal from or amendment of the agreement under which residents of the Isle of Man pay a television licence fee; and to report." The powers, privileges and immunities relating to the work of a committee of Tynwald are those conferred by sections 3 and 4 of the Tynwald Proceedings Act 1876, sections 1 to 4 of the Privileges of Tynwald (Publications) Act 1973 and sections 2 to 4 of the Tynwald Proceedings Act 1984. Mr G D Cregeen MHK (Malew & Santon) (Chairman) Mr D A Callister MLC Hon P A Gawne MHK (Rushen) Copies of this Report may be obtained from the Tynwald Library, Legislative Buildings, Finch Road, Douglas IM7 3PW (Tel 07624 685520, Fax 01624 685522) or may be consulted at www, ,tynwald.orgim All correspondence with regard to this Report should be addressed to the Clerk of Tynwald, Legislative Buildings, Finch Road, Douglas IMI 3PW TABLE OF CONTENTS 1. Introduction 1 2. The broadcasting landscape in the Isle of Man 4 Historical background 4 Legal framework 5 The requirement to pay the licence fee 5 Whether the licence fee is a UK tax 6 Licence fee collection and enforcement 7 Infrastructure for terrestrial broadcasting 10 Television 10 Radio: limitations of analogue transmission capability and extent of DAB coverage 13 3.
    [Show full text]
  • Commercial Realities Will Look Like in a Few Years Time
    Responsible advertising Advertising policy The Guardian, Observer and Guardian Unlimited raise a substantial proportion of their income from advertising. Percentage of readers who Every effort is made to ensure the adverts we carry adhere to the rulings of the think we have a responsibility to refuse to carry the following types Advertising Standards Authority (ASA). Any advert that has had a complaint of advertising? upheld by the ASA will not run in our newspapers. COMMERCIAL Music with offensive lyrics 54% Before the advertising department takes any advert, it always checks (eg. homophobic or 44 the copy to ensure it doesn’t jar with our values — that it is legal, decent and racist material) 43 truthful. If it feels the copy is unsuitable, it asks for it to be amended. 39 That we received complaints about only 32 adverts, out of a total of more Gambling 36 than 15,000, shows that our system is working effectively. No single advert REALITIES 36 received more than 10 complaints. Readers usually focus their attention on adverts that offend a strongly 36 held but often not a widely shared belief. A recent example was an advert Religious 35 Priorities: to increase profitability by the following: 40 we carried for formula milk, which received two complaints. This subject is fraught with controversy and is also tightly regulated, and in this instance the 42 ad conformed to all the guidelines. In a case like this, we write to the reader 1) Continue to publish innovative and distinctive Advertising using sexual imagery 34 concerned and explain why we made the decision to carry the ad, and also why 34 we disagree with them, while respecting their right to a differing opinion.
    [Show full text]
  • BBC Trust: Local Video Public Value Assessment
    Local0B Video Public1B Value Assessment Organisation Responses November 2008 Introduction The BBC Trust is currently conducting a Public Value Test (PVT) into the proposal for Local Video. As part of the PVT process the BBC Trust must examine the public value of the proposal. As part of the Public Value Assessment (PVA) the trust consulted publicly for 42 days. This document contains the full responses from organisations to the consultation. 1 Organisation responses in full The BBC Trust received representations during the public consultation from the following organisations: Audience Council Northern Ireland Audience Council Wales Barnsley Chronicle BECTU Chris Cherry CN Group Community Media Association Guardian Media Group plc Institute of Welsh Affairs Johnston Press John Rossetti Manx Radio Mediatrust MG Alba Newspaper Society Northcliffe Media NWN Media Ltd PACT RadioCentre Scottish Daily Newspaper Society Scottish Screen Voice of the Listener and the Viewer Five organisations also responded requesting that their submissions remain confidential. 2 Audience Council Northern Ireland AUDIENCE COUNCIL FOR NORTHERN IRELAND (ACNI) INITIAL RESPONSE TO THE BBC TRUST’S PUBLIC VALUE TEST ON THE BBC’S PROPOSAL FOR LOCAL VIDEO 4 AUGUST 2008 The Audience Council for Northern Ireland (ACNI) welcomes the BBC’s proposals for an expansion and enhancement of its on-demand service provision with Local Video. Council sees Local Video as an enhancement to existing services and additional to plans already in place to improve BBC local service provision [specifically those to bring service provision in Northern Ireland (and Scotland) into line with those in England and Wales]. Council also recognises the potential benefits of more user-generated content, giving communities the opportunity for involvement, with BBC support, in generating local news stories.
    [Show full text]
  • Guidelines the Guardian’S Editorial Code
    Guidelines The Guardian’s Editorial Code February 2003 Guidelines The Guardian’s Editorial Code 1 Contents Contents 2 Summary 2 1: Professional practice 3 2: Personal behaviour and conflicts of interest 5 3: Appendices 8 3.1: The PCC Code of Conduct 8 3.2: CP Scott’s essay 11 3.3: Areas of interest and companies that GMG holds 13 Summary “A newspaper’s primary office is the gathering of news. At the peril of its soul it must see that the supply is not tainted.” The most important currency of the Guardian is trust. This is as true today as when CP Scott marked the centenary of the founding of the paper with his famous essay on journalism in 1921. The purpose of this code is, above all, to protect and foster the bond of trust between the paper and its readers, and therefore to protect the integrity of the paper and of the editorial content it carries. As a set of guidelines, this will not form part of a journalist’s contract of employment, nor will it form part, for either editorial management or journalists, of disciplinary, promotional or recruitment procedures. However, by observing the code, journalists working for the Guardian will be protecting not only the paper but also the independence, standing and reputation of themselves and their colleagues. It is important that freelances working for the Guardian also abide by these guidelines while on assignment for the paper. Press Complaints Commission Code of Conduct The Guardian — in common with most other papers in Britain — considers the PCC’s Code of Conduct to be a sound statement of ethical behaviour for journalists.
    [Show full text]
  • Audience Council Review/ Scotland 01/ BBC Trustee for Scotland
    2008/09 AUDIENCE COUNCIL REVIEW/ Scotland 01/ BBC TRUstEE FOR SCOTLAND 02/ THE WORK OF THE COUNCIL 07/ BBC PERFORMANCE AGAINst PRIORITIES SET FOR 2008/09 09/ BBC PERFORMANCE AGAINst Its PUBLIC PURPOSES 1 4 / AUDIENCE COUNCIL FOR SCOTLAND PRIORITIES FOR 2009/10 B BBC TRUSTEE FOR ScOTLAND The BBC Audience Councils advise the BBC Trust on how well the BBC is delivering its public purposes and serving licence fee payers across the United Kingdom. The four Councils – serving Scotland, Northern Ireland, England and Wales – are supported by the Trust to provide an independent assessment of audience expectations and issues. A strong year for the BBC in Scotland saw the launch of BBC ALBA (in partnership with MG Alba), a pledge to make more network television in Scotland, and some improvement in network news about the devolved nations. Programme highlights included coverage of the economic crisis, and the multimedia Scotland’s History. We consulted audiences, advising the Trust accordingly. Key issues included the BBC’s plans to improve local coverage, and the debate on the future of public service broadcasting. Audiences in Scotland tell us they want more content reflecting their interests and concerns, while retaining the strengths of the BBC networks. Jeremy Peat National Trustee for Scotland 01 THE WORK OF THE COUNciL Council reflects audience concerns to the BBC. “ We held consultative events with young people, people with disabilities, and members of ethnic and cultural groups.” 02 “Following the debate on public trust in broadcasters, we stressed that the BBC’s customary high standards should be strictly maintained in the future.” Event in Annan.
    [Show full text]
  • Codes Used in D&M
    CODES USED IN D&M - MCPS A DISTRIBUTIONS D&M Code D&M Name Category Further details Source Type Code Source Type Name Z98 UK/Ireland Commercial International 2 20 South African (SAMRO) General & Broadcasting (TV only) International 3 Overseas 21 Australian (APRA) General & Broadcasting International 3 Overseas 36 USA (BMI) General & Broadcasting International 3 Overseas 38 USA (SESAC) Broadcasting International 3 Overseas 39 USA (ASCAP) General & Broadcasting International 3 Overseas 47 Japanese (JASRAC) General & Broadcasting International 3 Overseas 48 Israeli (ACUM) General & Broadcasting International 3 Overseas 048M Norway (NCB) International 3 Overseas 049M Algeria (ONDA) International 3 Overseas 58 Bulgarian (MUSICAUTOR) General & Broadcasting International 3 Overseas 62 Russian (RAO) General & Broadcasting International 3 Overseas 74 Austrian (AKM) General & Broadcasting International 3 Overseas 75 Belgian (SABAM) General & Broadcasting International 3 Overseas 79 Hungarian (ARTISJUS) General & Broadcasting International 3 Overseas 80 Danish (KODA) General & Broadcasting International 3 Overseas 81 Netherlands (BUMA) General & Broadcasting International 3 Overseas 83 Finnish (TEOSTO) General & Broadcasting International 3 Overseas 84 French (SACEM) General & Broadcasting International 3 Overseas 85 German (GEMA) General & Broadcasting International 3 Overseas 86 Hong Kong (CASH) General & Broadcasting International 3 Overseas 87 Italian (SIAE) General & Broadcasting International 3 Overseas 88 Mexican (SACM) General & Broadcasting
    [Show full text]
  • DEP2009-0172.Pdf
    Contents Section Page 0 One page overview 1 1 Executive summary 2 2 The story so far 14 3 What audiences think about public service content 20 4 Challenge and change 30 5 Maximising value in any future model 44 6 A new approach to public service content 57 7 Ensuring strong public service providers 62 8 Freeing up commercially owned networks 72 9 Future models in the devolved nations and English regions 85 10 Future models for the localities 100 11 Priorities for children’s programming 108 12 Detailed recommendations and next steps 112 Annex Page 1 Glossary 120 Ofcom’s Second Public Service Broadcasting Review: Putting Viewers First Foreword 0 One page overview In this review we have focused on how to ensure the delivery of content which fulfils public purposes and meets the interests of citizens and consumers throughout the UK. Our aim has been to make recommendations that respond to the huge changes brought about by the transition to the digital era. The central question is how a historically strong and successful public service broadcasting system can navigate from its analogue form to a new digital model. We need to sustain its quality and creative spirit while also capturing the opportunities of broadband distribution, mobility and interactivity. Our recommendations are based on detailed audience research, a wide range of views from stakeholders within industry and our own analysis. The recommendations we present to government and Parliament set out what we believe is required to fulfil a vision of diverse, vibrant and engaging public service content enjoyed across a range of digital media, which complements a flourishing and expansive market sector.
    [Show full text]
  • Ripe 2019: Universalism in Public Service Media
    UNIVERSALISM IN PUBLIC SERVICE MEDIA RIPE 2019 Edited by: Philip Savage, Mercedes Medina, & Gregory Ferrell Lowe Ferrell Lowe, G. & Savage, P. (2020). Universalism in public service media: Paradoxes, challenges, and development in Philip Savage, Mercedes Medina and Gregory Ferrell Lowe (eds.) Universalism in Public Service Media. Gteborg: Nordicom. NORDICOM 1 Logotyp Logotyp Nordicoms huvudlogotyp består av namnet Nordicoms huvudlogotyp består av namnet ”Nordicom”. Logotypen är det enskilt viktigaste ”Nordicom”. Logotypen är det enskilt viktigaste elementet i Nordicoms visuella identitet och den Centrum fr nordisk medieforskning Centrum fr nordisk medieforskning ska finnas med i allt material där Nordicom står som avsändare. Använd alltid godkända original, de kan laddas ner här. Logotypens tre versioner Nordicoms logotyp finns i tre godkända grundversioner. • Logotyp. • Logotyp med undertext. • Logotyp på platta. Centre for Nordic Media Research Centre for Nordic Media Research Logotyp med undertext ska användas i lite större Logotyp med undertext ska användas i lite större format för att presentera Nordicom. Logotyp format för att presenteraBased at the Nordicom. University of Gothenburg,Logotyp Nordicom is a Nordic non-proft knowledge Contacts på platta ska användas där det behövs något centre that collects and communicates facts and research in the feld of media and communication. The purpose of our work is to develop the knowledge of media’s role Editor Administration, sales Postal address grafiskt med mer tyngd. in society. We do this through: Johannes Bjerling, PhD Anne Claesson Nordicom phone: +46 766 18 12 39 phone: +46 31 786 12 16 University of Gothenburg Following and documenting media development in terms of media structure, • [email protected] [email protected] PO Box 713 media ownership, media economy, and media use.
    [Show full text]
  • Photographing a Revolution Weeks in BBC Maida Vale Studios, London
    The newspaper for retired BBC Pension Scheme members • June 2019 • Issue 3 PROSPERO PHOTOGRAPHING A PENSION REVOLUTION SCHEME PAGE 6 | PENSIONS Prospero – your feedback is wanted As part of its periodic review of services and providers, the BBC Pension Trustee will be turning its attention to Grace Wyndham Prospero – not to restrict its availability, but to see how it can continue to evolve to meet the needs of all those receiving a pension from the Scheme. Goldie (BBC) Trust We would appreciate any comments or feedback you can provide about Prospero. Do you enjoy the mix of Fund – application articles or are we missing something? Do you ever enter the competitions and if not, why not? Please send any comments, suggestions or feedback to us at: [email protected], before the next window now open issue’s mailing date of 5 August. Applications are invited for educational and hardship purposes from the Grace Wyndham Goldie (BBC) Trust Fund. The Trust Fund exists to help those engaged in broadcasting or an associated activity, now or in Crospero devised and compiled by Jim Palm the past, as well as their children and dependants. The Trustees of the Grace Wyndham Goldie 1. 2. Complete the square by using the clues; these apply only to words running across. (BBC) Trust Fund, in their discretion, will consider 3. 4. Then take these words in numerical; order giving assistance towards educational costs in and extract the letters indicated by a dot. small ways, such as travelling expenses, school 5. 6. If your answers are correct, these letters will outfits, books and additions to education awards.
    [Show full text]
  • Guardian Media Group Plc Annual Report and Accounts 2009 Securing the Long-Term Future of the Guardian GMG Annual Report 2009
    Guardian Media Group plc Annual Report and Accounts 2009 Securing the long-term future of the Guardian GMG Annual Report 2009 Contents 01 Introduction 32 Corporate responsibility 02 Group structure 36 Financial review 03 Financial highlights 42 Corporate governance 04 Statement from the chair 47 Report of the directors 07 Chief executive’s review of operations 49 Directors’ remuneration report 08 Introduction 53 Independent auditors’ report 09 Guardian News & Media 54 Profit and loss account 12 GMG Regional Media 54 Statement of recognised income 15 GMG Radio and expense 17 GMG Property Services 55 Balance sheet 19 Trader Media Group 56 Cash flow statement 22 Emap 57 Notes relating to the financial statements 25 Outlook 87 Group five year review 26 Board of directors 89 Company financial statements of Guardian 28 Statement from the chair of the Scott Trust Media Group plc 30 The Scott Trust directors 99 Advisers GMG Annual Report 2009 Securing the long-term future of the Guardian Guardian Media Group (GMG) is one of the UK’s leading multimedia businesses. The diverse portfolio includes national and regional newspapers, websites, magazines, radio stations and business-to-business media. Our flagship is the Guardian newspaper and website. The Group is wholly owned by the Scott Trust, which exists to secure the ongoing editorial independence of the Guardian. Under this unique form of media ownership the Group is able to take a long-term view as it invests in the future and security of the Guardian’s independent, liberal journalism. www.gmgplc.co.uk
    [Show full text]