BBC Unveils Money-Spinning Technology Unit

Published July 6th, 2000 - 02:00 GMT

Public broadcaster BBC unveiled on Thursday plans to create a new commercial wing aimed at raising more than 150 million pounds (237 million euros, 225 million dollars) over the next six years. 

BBC Director General Greg Dyke said formation of the unit BBC Technology was expected to result in job losses, although no figures were given. 

The wholly owned subsidiary of the state-financed group will provide broadcast, information technology, online and communication services at competitive prices. 

Its 1,300 staff will also offer services such as Internet broadcasting, consultancy and project management to other companies. 

The plans are contained in a report entitled "Making the Most of Our Resources" and follow on from reforms announced in April by Dyke, who took over at the helm in February. 

In April, he disclosed a five-year plan to trim the BBC's bloated bureaucracy and save 200 million pounds. 

Announcing the latest changes, Dyke said "we looked at Resources in a way which was consistent with the One BBC Review I announced in April. The aim was to find more money to put into programs and services. 

"The changes announced today contribute to that objective by generating more commercial revenue, increasing efficiency and reducing the money spent on overheads." - LONDON (AFP) 


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