The BBC announced it’s making some budget cuts concerning BBC Online, its digital distribution outlet. BBC Online’s budget will be reduced by £34 million from its current budget of £137 million by 2013-2014, and the move will also involve among other things the closure of up to 360 proposed posts.

“Under one unified strategy, BBC Online will be transformed into 10 distinctive products: News, Sport, Weather, CBeebies, CBBC, Knowledge & Learning, Radio & Music, TV & iPlayer, Homepage and Search.”

In addition to just budget cuts, BBC Online will also experience some serious re-shaping. That includes the closure of half of the 400 Top Level Domains relevant to the online portal, a ‘ledge to engage with industry twice a year about its plans’ and the doubling of outbound referrals to around 22 million per month.

The BBC is not the only member of mainstream media one facing some troubles. Major magazines including Vanity Fair and Wired had seen significant drop in iPad issues sales, which isn’t very good news for Rupert Murdoch’s iPad-exclusive “The Daily”. We also covered the FCC’s restrictions regarding the Comcast and NBC merger, and Fortune reveals how these may not be necessary at all. Among the restrictions are ones which force Comcast to sell its content to outside distributors if certain conditions apply and to make broadband service available to 400,000 additional homes within the next 3 years, to name a few.

[image credit: Wikimedia Commons]