Yes thats true, even the transmitters are now owned and operated by Arqiva. And they sold off Television Centre and other properties they owned, I think they rent everything now.
They've squandered their wealth and infrastructure and now there's not much left, which is a kick in the teeth to the license payers who funded them.
Management have woefully f@cked up and as for their supposed impartiality, well they should be world leaders in professional non biased news but unfortunately they can't even get that right, again thats bad management.
We laugh at Korean and Chinese state news propoganda and I believe without an independantly funded structure you can't have unbiased news, thats why I think the BBC is important, it can, because it has independant funding, and should rise above party politics.
Their best hope is to dominate the streaming services, why they haven't got more online is beyond me, they've got a massive back catalogue of great programmes, from documentary's to comedy even old news programmes, they should have put loads online that would have given value for money and moved into the new market, lets face it traditional TV viewing is dying and its all going online, even Sky should be nervous about that. Virgin broadband is the natural leader in this shift.
My last employer had, at the time, the largest digital video storage system in Europe. They were a Satellite broadcaster over Scandinavia, bigger than Sky in audience reach not sure about revenues but they could easily afford to do it. It was kept outside in a bomb/flood/fire proof 'bunker' not that expensive or complicated. The BBC could easily have invested in similar technology and started to put their material online.
I heard a rumour in TV that some management in BBC wanted to shut the whole thing down, take ownership of the entire archives and commercialize it. Not sure how true that was but it seems even internally there are plots to destroy it.