The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The BBC headquarters in London, United Kingdom. [AFP]
The BBC said Thursday it expects to make further savings of around 10 percent of its costs over the next three years in answer to "substantial financial pressures".
The British broadcaster did not specify the amount it aims to save, but other UK media reported it was up to £600 million ($817 million) and would involve job losses and some programming cuts as it copes with squeezed funding.
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