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Naman Ramachandran
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BBC/Studio Lambert The BBC closed out a year that included its most-watched title in “The Celebrity Traitors” and its best drama debut in three years with “The Night Manager,” but its annual report and accounts for 2025/26 warns the corporation faces “real jeopardy” as license fee erosion drives a third consecutive operating deficit.
BBC director general Matt Brittin said in the report: “This is a moment of real jeopardy, not just for the BBC but for public service broadcasting and the U.K. as a whole.”
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