Read this: BBC will have to cut 140m a year after licence freeze | Media | guardian.co.uk
Summary: A senior source at the corporation said a reduction of 4 a year for the life of the new licence fee settlement, which will run until 2017, will be enough to meet the combined annual cost of about 560m. The senior source pointed out the BBC is already making yearly efficiency savings of 3 a year, mainly by pushing ahead with a long-term plan to reduce overheads from 22 to 10. The cumulative effect of the 4 annual cuts with 140m saved each year from April 2011 will mean no channels or services have to be axed. - guardian.co.ukwww.guardian.co.ukBBC will have to cut 140m a year after l…
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