(Bloomberg) -- The UK’s national broadcaster plans to cut up to 1,000 members of staff over the next few years, as part of a plan to save £500 million annually. 

It is part of the BBC’s plan to become a “digital-led” media organization set out by the Director-General Tim Davie in a speech to staff.

The BBC will now have a single 24-hour news channel for both UK and International audiences, and stop broadcasting on smaller channels like CBBC, BBC Four, and Radio 4 Extra.

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