BBC head of news James Harding has told staff that he expects to have to cut GBP80m a year from the department's budget by 2021. This is almost equivalent to axing radio station 5Live (budget
GBP49.1m a year) and the BBC News Channel (budget GBP46.2m a year). Harding said in a blog post: "BBC News must contribute its share to achieve the GBP150 million of annual savings required to reach
the shortfall to 2017 caused by the decline in TV household penetration.
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