BBC cuts 'Newsnight' budget

Newsnight, the late night news program on the BBC, has been a staple of the network since 1980. But recently the program has dealt with a lot of criticism, as it accused a member of the British government of being involved in a child abuse scandal - an accusation that was later proven false. Newsnight also dropped an investigation into the (allegedly) criminal activities that long-time BBC host Jimmy Savile had been involved in. Savile is accused of sexual abuse. Why this investigation was dropped remains unclear.

Experts are saying that part of the reason Newsnight is making editorial mistakes is because of budget cuts to the program. I am sure the BBC will change course and funnel money back into the show that is dragging it down now.

Jeremy Paxman, the host of Newsnight, raged against the BBC, saying that the network had made "a series of cuts on program budgets, while bloating the management." Way to pass the buck, Jeremy.

The annual budget of Newsnight has fallen, almost in half, during the last decade. It previously topped $15.9 million (£10 million) annually but has fallen to as little as $7.9 million (£5 million).

Newsnight airs from 10:30 p.m. to 11:20 p.m. on BBC Two.