People are watching less and less live television and it is costing 1000 people their jobs at the BBC.
Reuters reports that BBC cuts are happening because it expects to receive 150 million pounds ($234 million) less than forecast from the license fee next financial year as viewers turn off televisions and watch programs on the Internet.
Every UK household with a television has to pay 145.50 pounds a year to the BBC, a public service broadcaster which was founded in 1922.
"The license fee income in 2016/17 is now forecast to be 150 million pounds less than it was expected to be in 2011," the BBC said in a statement.
"This is because as more people use iPlayer, mobiles and online catch-up, the number of households owning televisions is falling. It also provides further evidence of the need for the license fee to be modernized to cover digital services."
Only 69 percent of viewing by British adults is now through live TV and among 16 to 24-year-olds, only 50 percent of viewing is done through live TV, the country's telecoms regulator said.
Stations here in the US need to wake up. The younger generation is not watching your newscast and you need to act now, not later.