One of my favourate bonuses of the TV license is that all of the non-BBC channels in the UK still have to compete with the BBC. This means that none of them can bombard you with ads every 5 minutes, and you can get through most shows with only one ad break. Broadcasters who try to show more ads risk losing viewers to the BBC.
I think the license is worth it. The BBC's trialing a service that'll let UK residents download its shows from the internet and watch them for a week after they are broadcast on TV, which should be nice, seeing as we're the ones who paid to have them made in the first place!
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