BBC Chairman Sir Michael Lyons has said that one of the networks television channels might be closed as part of a two billion dollar cost-saving exercise.
London, Aug.9 : BBC Chairman Sir Michael Lyons has said that one of the network's television channels might be closed as part of a two billion dollar cost-saving exercise.
In an interview with The Daily Telegraph, Lyons said that "radical changes" could be imposed when the trust ruled on cost-saving plans this autumn.Mark Thompson, the BBC's director general, is finalising his proposals to take to the trust on September 19, The Telegraph reported.
Speculation has been rife about where the axe will fall, with BBC3 and BBC4 being singled out as possible casualties.
Over six financial years from 2007 to 2013, the BBC needs to save two billion pounds to close the gap between its funding hopes and the lesser amount that it was actually awarded in January's licence fee settlement.
Lyons said the BBC Trust would reach decisions on cuts at its October 17 meeting.
ANI