BBC director-general Mark Thompson outlined plans today to slash .400 million in "painful cuts and reductions" from the corporation's budget. The cuts to balance the books would range from freezing senior management pay to the amount paid to the corporation's top talent.
Mr Thompson also defended the licence fee, saying that the idea that the creative industries needed further investment reductions made little sense. Mr Thompson's speech to the Changing Media Summit in London comes in the same week that Tory leader David Cameron said that the Conservatives would freeze the BBC licence fee for one year in response to the recession. (Via http://mt-shortwave.blogspot.com Dave Alpert/ABC News, Los Angeles via Rachel Baughn)