The BBC has updated its report, “The Economic Value of the BBC”, which shows BBC Worldwide has increased the amount of Gross Value Added (GVA) it generates for the UK economy to nearly £1billion. In 2011/12, GVA for BBC Worldwide was £947million, up 7% from £881million in 2009/10. This increase was due to a strong financial performance of BBC Worldwide last year (profits up by 8% and sales up 5%) and to the company’s support for the UK’s creative … [Read more...] about BBC updates financial report