The BBC is more important than ever since ITV and non-BBC radio have lost much of their public service obligations. ITV stood for "Independent Television" when created in 1955 and similarly non-BBC radio was called ILR (Independent Local Radio). Note the deliberate use of the word "independent". ILR was "independent radio", not "commercial radio", which was an important distinction. Even though these organisations were funded by advertising, they had (and ITV still has to some extent) significant public service obligations. Particularly in the 70s and 80s, ITV franchisees arguably covered regional TV news and events better than the BBC. Until about 1990, ILR stations had to have comprehensive news departments and provide a wide range of programming, not just pop music.
Regional ITV was massacred in the early 2000s by Granada and Carlton, ultimately leading to the merging of most ITV franchises into ITV plc. Most ITV regional news programmes cover a larger region than before, and other regional programming has virtually ceased. Independent radio has become fully commercial with previously local stations now joined together to create quasi-national networks such as Heart and Capital, leaving proper local radio to the BBC.
Regional ITV was massacred in the early 2000s by Granada and Carlton, ultimately leading to the merging of most ITV franchises into ITV plc. Most ITV regional news programmes cover a larger region than before, and other regional programming has virtually ceased. Independent radio has become fully commercial with previously local stations now joined together to create quasi-national networks such as Heart and Capital, leaving proper local radio to the BBC.