The truth is, the modern Eurovision Song Contest that we have now would be much more at home on ITV and so would the selection process. Done in partnership with a record label (as per X Factor) there would be more of a vested interest in having a relevant and therefore successful entry.
Take Cascada for example who represented Germany, their Record Label is Zooland but also they are signed to the UK label All Around The World.
Why can't the UK labels like AATW or Ministry of Sound or even EMI, take some initiative and pit someone forward for it.
Because the BBC have made a mockery of the contest for years and it has zip all respect within the British music industry. Wogan would often criticise political voting for our failure in the contest when really he played a huge part in why we didn't take it seriously enough to win.
If ITV and Syco came up with a format, I'm sure we could once again come out fighting and actually admit that we want to win.
The amount the BBC pays to submit an entry is about £300,000. That's about half the cost of The X Factor final, or two 30 second advertising slots. Even so, they could possibly get Syco to subsidise the fee in return for the publicity our winner would get at Eurovision.
ITV is already an EBU member although its subscription fee is smaller than the BBC's by several hundred thousand pounds. Maybe it would have to pay extra to remain in the Big 5; I'm not sure whether that's based on the EBU subscription fee or the cost to enter. Still, relative small fry for a show that could bring huge audience numbers on both the final and the selection shows.
If we won it and had to host it, ITV could bring it in at a profit, especially considering the new, slimline contest and the commercial possibilities available of which the BBC cannot take advantage.