London – The BBC on Monday announced a reorganization of its BBC Online unit, which will see its budget reduced by a quarter and the laying off of up to 360 employees. The budget cuts will result in BBC Online working with $165 million in 2013-2014, down from $219 million in 2010.
BBC Online will be transformed into ten distinctive products: News, Sport, Weather, CBeebies, CBBC, Knowledge & Learning, Radio & Music, TV & iPlayer, Homepage and Search, each of which will share common technical features and design.
Along with the layoffs, the company plans to shutter half of the 400 domains it operates, including some news blogs, sports news and standalone forums.
In addition to the closures, the company said it will not launch its own social network, produce online-only music sessions, offer on-demand music streaming or invest in exclusive online sports rights.
http://tinyurl.com/635ghna (BBC statement)