As reported by The Sunday Telegraph this morning, Michael Grade, the BBC's new Chairman has kicked off his tenure with an early crisis. Apparently he is unwilling to give up his shares in Pinewood Studios, which rents studio space to the BBC.

These transactions are worth millions of pounds every year, and represent an obvious conflict of interest. One of the problems with the BBC —— other than the left wing bias and anti Americanism —— is that it has distorted the whole UK media market, and turned it into an incestuous free—for—all, riddled with cronyism. Monopolies have a strong tendency toward poisoning business cultures, and this appears to be the case with the BBC.

Posted by Michael   04 04 04