Date: (20/10/2010)
Despite the crunching affect of this bottom line cut, described by some executives as ‘brutal’, the BBC has also been obliged to make huge capital expenditures from the licence fee on broadband development, local TV and online content, the BBC World Service—hitherto the fiscal responsibility of the UK Foreign Office to the tune of around £272 million annually— but, most controversially, Welsh language broadcaster S4C.
And this from Mark Thompson, DG of the BBC
“We will provide £25m in 2013/14 and up to £5m p.a. from 2014/15 through a partnership fund to support local media initiatives, similar in scope to the partnership proposals explored with ITV last year”
Read more at the Guardian online
