This paper examines the public broadcasting systems in Europe and the United States of America. Especially, the decline of the monopolistic arrangements of public broadcasting systems in Europe are discussed. The mission, the legacy and the value of PSB which made European so proud will be mentioned and the problems faced by PSB in the eighties will be discussed. How PSB react to new challenges? How PSB in Europe and the USA differ in their competitive strategies, such as finance, programmes and personnel, etc.? This paper will also introduce the readers to familiarize the criticism of PSB by scholars.