Ax Swings at BBC Online: 25 Percent Budget Reduction, 360 Job Losses by 2013-14

The British Broadcasting Corp. announced a massive cutback in its online operations, which will reduce the budget at BBC Online by 25 percent by 2013, and result in the loss of up to 360 jobs.

BBC Online will also double its links to existing Web sites, and it stated that it has no plans to launch a social network, add video-on-demand to its iPlayer offerings, or dive into online-only music offerings.

The complete announcement from the BBC, via paidContent:UK:

The BBC is to reshape BBC Online by 2013 to deliver its public-service mission in the digital age.

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