A new round of cuts is expected to hit around 500 jobs from BBC News, with budgets slashed by an average of 20% over the next six years. Already 3,800 staff are being laid off as part of a three year programme of efficiency savings, called Value for Money.
A BBC spokesman told the [link=http://www.timesonline.co.uk/tol/news/uk/article1626969.ece]Times[/link] that the level of spending cuts had not yet been decided: "We know what the licence fee settlement is and the challenge now for the BBC is how to prioritise where that money should go."
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