Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Australian Broadcasting Corporation?
Summarize this article for a 10 years old
The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-owned body that is politically independent and fully accountable, with its charter enshrined in legislation, the Australian Broadcasting Corporation Act 1983. ABC Commercial, a profit-making division of the corporation, also helps to generate funding for content provision.
|Predecessors||Australian Broadcasting Commission
Australian Broadcasting Company
|Founded||1 July 1932; 91 years ago (1932-07-01)|
|Revenue||A$1.06 billion (2019–20)|
|Total assets||A$1,401,757,000 (2019)|
Number of employees
The ABC was established as the Australian Broadcasting Commission on 1 July 1932 by an act of federal parliament. It effectively replaced the Australian Broadcasting Company, a private company established in 1924 to provide programming for A-class radio stations. The ABC was given statutory powers that reinforced its independence from the government and enhanced its news-gathering role. Modelled after the British Broadcasting Corporation (BBC), which is funded by a television licence, the ABC was originally financed by consumer licence fees on broadcast receivers. Licence fees were abolished in 1973 and replaced by direct government grants, as well as revenue from commercial activities related to its core broadcasting mission. The ABC adopted its current name in 1983.
The ABC provides radio, television, online, and mobile services throughout metropolitan and regional Australia. ABC Radio operates four national networks, a large number of ABC Local Radio stations, several digital stations, and the international service Radio Australia. ABC Television operates five free-to-air channels, as well as the ABC iview streaming service and the ABC Australia satellite channel. News and current affairs content across all platforms is produced by the news division.