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address the BBC's immediate financial distress, and an increased share of the licence revenue split between it and the GPO. This was to be followed by a simple 10 shillings licence fee to fund broadcasts. The BBC's broadcasting monopoly was made explicit for the duration of its current broadcast licence, as was the prohibition on advertising. To avoid competition with newspapers, Fleet Street persuaded the government to ban news bulletins before 7 pm and the BBC was required to source all news from external

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