Word: output
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...institution revered for the quality of its output, a global role model for public-service broadcasting, the backbone and guardian of British life--"monolithic and ingrained into our culture," in Greenslade's words--suddenly seem so vulnerable? One source of the BBC's problems can be seen on EastEnders: only 9 million viewers tuned in to the finale of the hostage plotline--far shy of EastEnders' record episode in 1986, when more than 30 million watched nothing more dramatic than the marital breakdown of a pub owner and his barmaid wife...
Back then, viewers had only four channels to choose from and no cable, and all the channels were required to include some socially redeeming content: BBC1, home of the BBC's most popular output; the more esoteric BBC2; the commercial network ITV; and Channel 4, then only four years old and set up to break the duopoly...
...enduring belief that it must stay in the forefront of changes in media has driven its growth. The Beeb ballooned in the 1990s, adding staff and diversifying its operations and output. In came the rolling news service BBC News 24, along with a commercial arm, BBC Worldwide. In the drive for ratings, nobody stopped to ask if the corporation could sustain such growth or stretch itself in so many directions...
...online newsrooms and cut up to 490 jobs "should have been done earlier," says Byford. "We're a multimedia broadcaster increasingly organizing around a multimedia platform." But whether or not these cuts deliver the benefits he envisages, the spectacle of the BBC targeting core services and preserving frothier output fuels concerns that it has lost its reason for being. Richard North, author of the 2007 book Scrap the BBC!, calls the broadcaster a "grotesque monopoly" and advocates its privatization. "Broadcasting now needs no more control or support than the print media," he says...
...likelihood that Saudi Arabia can increase its output to even 15 million bbl. a day is remote. Even maintaining its current production rate for an indefinite period of time is hardly a certainty. The Ghawar, Abqaiq and Berri fields (which still make up about 90% of Saudi Arabia's light crude) now pump oil from water-injection wells--essentially the low-hanging fruit. Once that ends, oil production in those key fields will decline, and the declines could be steep. The two other giant fields producing lesser-quality oil are subject to this same risk. Quantifying the timing...