Read this: BBC licence fee to be frozen under tough new settlement - TV Radio, Media - The Independent
Summary: The corporation's budget will take a huge 16 per cent cut in real terms as a result of the deal hammered out with the Treasury, which will see the licence fee remain at 145.50 until 2016. Mark Thompson, the BBC's director general, also agreed to provide an additional 150m a year to fund the roll-out of broadband in rural areas from 2013, while an extra 25m will go on local television and online services. The corporation also agreed to a 25 per cent reduction in spending on its website and will dispose of many of its magazines as part of a government plan to reduce its impact on other media outlets. - independent.co.uk
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