<\/p>\n
The BBC is set to cut as many as 2 000 jobs or about 10% of its staff, highlighting the challenges the UK public broadcaster is facing to its funding model.<\/p>\n
Interim Director General Rhodri Talfan Davies announced the necessary downsizing during a call on Wednesday with employees and a subsequent memo.<\/p>\n
\u201cPut simply, the gap between our costs and our income is growing,\u201d Talfan Davies said in the memo. \u201cThis is being driven by a number of factors: production inflation remains very high; our license fee and commercial income is under pressure; and the global economy remains turbulent.\u201d<\/p>\n
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The BBC said in February that it would look to cut costs by about 10% over the next three years. The BBC needs to save an additional \u00a3500 million ($678 million) from total annual operating costs of \u00a35 billion over the next two years, with the bulk of the new savings required in 2027 and 2028, according to the memo.<\/p>\n
The BBC, the world\u2019s oldest and largest public service broadcaster, is undergoing significant changes as it brings in former Google executive Matt Brittin as its new director general starting May 18. He will take the helm as the BBC fights a defamation suit filed by US President Donald Trump over misleading edits in an episode of its flagship Panorama program, and as it navigates changes to its unique funding model.<\/p>\n
The BBC is primarily funded by UK households paying a flat annual license fee, sometimes critically described as a tax. That model is laid out in a Royal Charter, a document issued by the monarch that cements the BBC\u2019s mission to serve the public interest and which is due to expire in 2027.<\/p>\n
Lawmakers are exploring options that would push the BBC to adopt strategies used by commercial streaming services, including a \u201cmixed funding model\u201d that blends license-fee income with subscriptions and commercial revenue.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#BBC #set #cut #jobs #broadcaster #trims #costs<\/p>\n","protected":false},"excerpt":{"rendered":"
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