The BBC has been told that it can no longer shy away from implementing the worst of its £1 billion ($1.4B) cost-savings plan as it faces a perfect storm of pressures, including falling income, declining audiences, and intense pressure from deep-pocketed rivals.A bleak report by UK public spending watchdog, the National Audit Office (NAO), said the BBC has “delayed making what it considered to be the most challenging aspect of its savings” in recent years, including slashing jobs and cutting content.While the NAO noted that the BBC had made “progress on delivering savings,” realizing £618 million of its overall target, the watchdog warned that the worst is yet to come.
Read more on deadline.com