BBC News’ New Year Message To Staff: Money Is Tighter Than In “Any Year In Recent Times”
deadline.comEXCLUSIVE: BBC News has started the year with a sober reminder for staff: money will be tight. Jonathan Munro, BBC News’ deputy CEO and director of journalism, emailed colleagues on Wednesday to warn that significant funding has already been committed to elections, wars, and major sports events.
The news bonanza, coupled with the BBC’s need to find an additional £90M ($113M) in savings on top of ongoing content cuts, means that BBC News will have to be judicious in its spending.
Munro said: “Undoubtedly more of our cash is earmarked up front than in any year in recent times … We are going to need some patience.
We won’t be able to back every idea or service every request. The bar for discretionary spending will have to rise, at least for the next 12 months.” In the message, seen by Deadline, he added: “Every pound, dollar or rupee we spend has got to contribute to the heavy lifting which is needed throughout the year.
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