BBC to Slash Budget by 20 Percent
Like the budget cut NPR received this year on this side of the pond, BBC will be receiving large budgetary cuts for the upcoming years, looking to reduce their budget by 20 percent, or $1.03 billion over the next five years. Although BBC claims that no services would be cut, some are expecting strikes by the end of the year due to the nearly 2000 job cuts.
According to Deadline, those in the private sector, however, are claiming the budget cuts are justified as it was hard to compete with an entity that could sweep up billions in public money to pay for expensive outside broadcasts such as the Glastonbury pop music festival. One department’s budget that did get severely cut was foreign TV imports—so sorry to all you British Mad Men fans out there…
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