BBC jobs bloodbath: Radio 4’s The World Tonight is axed after 56 years and flagship Breakfast show schedule is cut to save £500million

The BBC is set to axe Radio 4’s The World Tonight after more than half a century as part of huge cuts designed to save the corporation £500 million.

A further 550 jobs will be slashed from its news, television and radio operations as part of a sweeping cost-cutting drive that will also see programmes axed and £80 million stripped from content spending.

BBC Breakfast has also been put on the chopping block and will no longer be shown on Sundays from September.

Meanwhile, the production teams making Sunday with Laura Kuenssberg and Newsnight will merge.    

New director-general Matt Brittin revealed the scale of

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