Often misquoted, this is an accurate transcription of the interview which went out live on 1 December 1976. The original Sex Pistols line-up are seated - from left to right as the camera sees them - Johnny Rotten, Steve Jones, Glen Matlock and Paul Cook. Bill Grundy sits to their left. Standing behind the Pistols are the punk hangers-on from the Bromley Contingent, Siouxsie Sioux, Steve Severin, Simon Barker and 'Simone'. Grundy introduces the band to the cameras.
GRUNDY: (To camera) They are punk rockers. The new craze, they tell me. Their heroes? Not the nice, clean Rolling Stones... you see they are as drunk as I am... they are clean by comparison. They're a group called The Sex Pistols, and I am surrounded by all of them...
JONES: (Reading the autocue) In action!
GRUNDY: Just let us see The Sex Pistols in action. Come on kids...
[Film of The Sex Pistols in action is shown; then back to Grundy.]
GRUNDY: I am told that that group (hits his knee with sheaf of papers) have received forty thousand pounds from a record company. Doesn't that seem, er, to be slightly opposed to their anti-materialistic view of life?
MATLOCK: No, the more the merrier.
MATLOCK: Oh yeah.
GRUNDY: Well tell me more then.
JONES: We've fuckin' spent it, ain't we?
GRUNDY: I don't know, have you?
MATLOCK: Yeah, it's all gone.
JONES: Down the boozer.
GRUNDY: Really? Good Lord! Now I want to know one thing...
GRUNDY: Are you serious or are you just making me, trying to make me laugh?
MATLOCK: No, it's all gone. Gone.