Here's why:
* Not a private company: It doesn't have shareholders and isn't run for profit.
* Not a public company: It isn't listed on the stock exchange and doesn't issue shares.
Instead, it's a statutory corporation, meaning it's established by an Act of Parliament (the BBC Charter) and is accountable to the UK government.
While the BBC is funded by the public, it operates with a high degree of editorial independence, ensuring its content remains unbiased and serves the public interest.