BBC to Cut TV Development Budget by 15% Annually as Part of £500 Million Cost-Saving Plan
By
Ray Flook
Pure flour-power. Hearty enough to carry you through lunch.
Summary
The BBC is reportedly cutting its TV development budget by 15% annually as part of a broader cost-cutting initiative. Director General Matt Brittin informed staff that commission spending across TV, radio, and news divisions will be reduced by £80 million ($107 million) over two years. These cuts are part of a larger effort to save £500 million ($670 million) over three years, on top of an existing £1.5 billion ($2 billion) savings plan. The reductions will involve canceling programming and reviewing budgets, with significant impacts on the number of programming hours, including potential effects on shows like Doctor Who.
Key quotes
· 3 pulledBBC Director General Matt Brittin notified staff that commission spending across its TV, radio, and news divisions will be cut by £80 million ($107 million) over the next two years.
The BBC is reportedly cutting its TV development budget by 15% annually, with big hits to the number of programming hours.
In an overall effort to cut costs amounting to £500 million/$670 million over the next three years (in addition to the BBC's current savings plan, aimed at £1.5 billion/$2 billion)
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