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BBC Must Make $556M Of Content Cuts As It Grapples With Perfect Storm Of Financial Pressures
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deadline.comThe BBC has revealed that it will need to cut spending on its content and services by £408 million ($556M) over the next year as it grapples with falling income, hyper-inflation, and fierce competition for audiences.In a 39-page report, titled BBC Value For Audiences, the British broadcaster said it is on course to deliver £951M of the overall £1 billion savings target it has set itself for March 2022.But the BBC warned that programming spend will increasingly feel the strain after it has exhausted back-office, non-content-related savings initiatives.
In short: Painful content cuts could be coming.The BBC said the £408M of so-called “scope” cuts it needs to make over the coming 12 months represents a 66% increase on the £246M of scope
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