In this case, BBC means "Bond Boys Club". The reason the original members of the BBC used the association with Bond is: James Bond is the ultimate at getting out of trouble, just like the members of the BBC.
Original members include:
William C. O'Neill
Additional Sub-members included:
Bradford P. Stadler
Those who thought they were BBC but never were:
In the UK, the BBC accounts for more hours of TV viewing and radio listening than any other organisation. A combination of populist shows, public service programming and respected news, BBC TV could perhaps best be described to Americans as NBC, PBS and CNN combined. Only better, and without the advertising.
Internationally, the BBC is best known for its news coverage. Of course this is horribly biased. For example, where it shares an audience with Fox News, viewers report that the BBC broadcasts a special left-wing anti-American news service, nicknamed the "commie bastard special". Yet where it shares an audience with Al Jazera it is said by viewers to offer a notoriously pro-western, anti-Islamic message, locally termed the "honest George and Tony show".