This document discusses the history of audio and video formats and the challenges of preserving large broadcast archives as formats become obsolete. It notes that 70% of broadcast archive holdings from 2001 had problems with decay, obsolescence or fragility. Digitization is presented as the solution but challenges remain around encoding, compression and long-term digital preservation. The importance of formal digital preservation practices like migration and emulation are discussed. Statistics are provided on the BBC archive holdings in 1995 and challenges they faced with video and audio formats. Tools for modeling storage costs and risks over time are presented.