Mark Thompson has finally admitted that the BBC must cut its budgets. Not, as you might expect, because it is lavish, over-staffed and is strangling its commercial rivals to death but because it might breach its ‘statutory borrowing limit'.
How awful if that happened. Oh well, nonetheless we should still celebrate the fact that it is having to suffer, albeit to a lesser degree, along with the rest of the industry and the country.
Thommo hasn't said where the cuts will come from so I'm after suggestions. It would be nice to see Jonathan Ross's salary sacrificed for the greater good and I'm sure we can live without BBC Three. What else?