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BBC Warns of 'Real Jeopardy' as Licence Fee Base Shrinks for Third Year Running
BBC reported a record content year, with "The Celebrity Traitors" becoming its most-watched title and "The Night Manager" its best drama debut in three years, yet its 2025/26 annual report warns the corporation faces "real jeopardy." A shrinking licence fee base has produced a third consecutive operating deficit. Director General Matt Davy highlighted that declining licence revenue poses a serious long-term threat to the broadcaster's financial stability.
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