BBC News to cut 400 jobs in austerity drive
The BBC said on Thursday it will cut 415 jobs from its news department in the latest cost-cutting measures by the world's largest public broadcaster. Director of News James Harding said the cuts were part of savings needed as a result of a freeze in the licence fee, which all British households with a television must pay. The cuts will save £48 million ($82 million, 60 million euros) a year over the next two years and are part of a total of £800 million in savings that began in 2010. The British Broadcasting Corporation would restructure its news operations while increasing its investment in digital journalism, Harding said.
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