By Patrick Foster, Media Correspondent

"The BBC will close two radio stations, shut half its website and cut
spending heavily on imported American programmes in an overhaul of
services to be announced next month.

Mark Thompson, the Director-General, will admit that the corporation,
which is funded by the £3.6 billion annual licence fee, has become too
large and must shrink to give its commercial rivals room to operate."
Story continued at http://business.timesonline.co.uk/to...cle7041944.ece