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Britain’s commercial television industry is in crisis. Channel 4 has announced plans to cut 150 jobs next year (from a total workforce of 1,000), and has reduced its programme budget by £25m, after already cutting £15m from last year’s budget. Britain’s newest Channel, Five, has announced 87 job cuts (nearly a third of its workforce). But one of the bleakest stories is that of Britain’s oldest commercial broadcaster, ITV. They have forecast the recent wave of job cuts to reach the 1,000 mark by the middle of this year, along with a £65m cut in their £1billion programming budget, putting an end to many popular programmes, including high-end costume dramas.