The BBC has published its 2023/24 annual plan that projects a financial deficit, the need to find increased savings and cuts of 1,000 hours annually in content commissions across its portfolio. The…
has published its 2023/24 annual plan that projects a financial deficit, the need to find increased savings and cuts of 1,000 hours annually in content commissions across its portfolio.
The corporation projects a total income of £5.53 billion for the period, which includes its main source of income, the annual license fee, which accounts for £3.6 billion. However, the license feeper year for two years. It will then rise in line with inflation for the following four years. Factoring in operating costs and restructuring costs, the BBC is projecting a deficit of £352 million for 2023.
The BBC’s annual savings requirement, previously projected to £285 million, has jumped to £400 million. The BBC intends to find these savings by an annual reduction of 1,000 hours in content commissions across its portfolio; shifting several of World Service TV and Radio broadcast services to digital in response to audience behavior changes; creating a single, integrated BBC News channel operation with two feeds for U.K.
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