BBC cuts 100+ jobs, closes two channels to save £500m amid cost pressures

The BBC announced over 100 job cuts and the closure of two channels as part of a £500 million savings target over two years, citing immediate cost pressures. The move reflects ongoing financial strain at the public broadcaster, though the broader economic impact is limited. The cuts are part of a wider 2,000-role reduction, signaling sustained cost discipline in the UK media sector.