19 December 1932: BBC World Service begins

The first royal Christmas message by George V gave the fledgling World Service an early boost six days after it was founded in 1932.

In 1922, the BBC began regular broadcasts to radio owners in Britain. These were an instant hit. A year later, work began in the US on using shortwave radio signals to increase the distance over which radio signals could be carried. This led to calls for the BBC to begin broadcasts to other countries, and eventually the British Empire Service was set up to send broadcasts to Britain's overseas colonies.

Then-director Sir John Reith warned that the programmes "will neither be very interesting nor very good". The weekly budget stretched to ten hours of broadcasts a day, mainly repeats from the main service. But the new service scored an early success when King George V delivered the first royal Christmas Message six days after it launched in 1932.

By 1933, a tenfold increase in the budget allowed the development of more original content, including regular news bulletins. Broadcasting hours were extended, and foreign language services were added, starting with Arabic in 1938. By the outbreak of World War II, the World Service was broadcasting in seven languages. To reflect this broader focus, it was renamed the Overseas Service in November 1939 (and became the World Service in 1965). Funding was taken over by the Foreign and Commonwealth Office.

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Today, rivalry from the internet, domestic radio, and the falling popularity of shortwave radio have all increased pressure on the World Service. Several services have been dropped or scaled back.

Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

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