BBC to axe 500 more jobs in bid to be 'more agile'

The BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million ($258 million) and become a "leaner, more agile organisation," the British public service broadcaster announced Tuesday. "We also need to consider how best to fund the BBC in the long term to secure all the benefits of universal public service broadcasting in the future."