Peter Horrocks has just posted on The Editors.
"It's been a painful day for the BBC World Service and the 180 million audiences around the world. This morning I announced a fundamental restructure to the BBC World Service in order to meet the 16% savings target required by the UK government's Spending Review last October.
At the moment BBC WS is funded by Grant-in-Aid provided by the government.
BBC WS will be funded by the licence fee from April 2014.
Over the next three years, we will have to make to an annual saving of £46m by April 2014".
You can read Peter's blog in full and comment on The Editors.
Bridget Middleton is the Editor of About the BBC