October 18, 1922: On this day, BBC (The British Broadcasting Corporation) formally established. BBC's function is monitoring the development of the radio business in Great Britain. The British realized the potential of radio broadcasting in their country after observed how radio business growth in US. BBC was owned by the world's first national broadcasting organization and was established as the British Broadcasting Company Ltd. The original company was founded by six companies which are Marconi's telecommunications companies group, Radio Communication Company, Metropolitan-Vickers (MetroVick), General Electric, Western Electric, and British Thomson-Houston. BBC was established for broadcasting experimental radio services. The first transmission held at Marconi House, London on 14 November of that year.