HC Deb 26 July 1968 vol 769 c260W
Mr. Bruce-Gardyne

asked the Postmaster-General, what study he gave before sanctioning the increase in the wireless and television licence fee, to securing economies in the £1,000 a week subsidy which the British Broadcasting Corporation currently provides forThe Listener magazine.

Mr. Stonehouse

None. I understand from the B.B.C. that their publications, taken as a whole, earn a surplus which provides a valuable addition to income and is used for the programme and general services of the Corporation. In the year ended 31st March, 1967 (the latest for which published figures are available) the B.B.C. have reported that the net trading profit of their publications was £713,084.