Twitter went into a frenzy on Wednesday after rumours circulated that the cherished children's TV show Blue Peter was going to be axed by the BBC.

Outraged fans reacted to a tweet from The Guardian, but the BBC confirmed to The Huffington Post UK that Blue Peter is merely moving homes, and that the world's longest running TV show can still be found on CBBC.

A spokesperson for the broadcaster said: "Over the next couple of years we're going to fade out children's TV on terrestrial channels. Blue Peter will be moving to the CBBC channel."

Blue Peter airs first on CBBC at the moment, while the version shown on BBC1 is a repeat. And according to the corporation's research more 6-12 year olds are already watching the programme via the digital channel.

One fan tweeted:

@ItsAlfieGreen
❝AlfieGreen.❞ † ∇ ϟ

OH MY GOD MY CHILDHOOD IS CRUMBLING! BBC confirms plan to ditch children's shows, including Blue Peter, from BBC1 and BBC2.

May 16, 2012 10:50 am via web Reply Retweet Favorite

And another complained:

@jgrahamc
John Graham-Cumming

We need a Blue Peter badge-holder flash mob to descend on the BBC with a sticky-backed plastic effigy of Mark Thompson. I'm in.

May 16, 2012 10:52 am via web Reply Retweet Favorite

Children are no longer watching terrestrial channels as much according to results from a report carried out by Delivering Quality First (DQF) for the BBC trust.

“Children’s programmes are absolutely fundamental to the BBC and that is why we have protected investment in them in the light of cuts elsewhere " a spokesperson for the BBC Trust said.

"Only a very small percentage of children still solely watch these programmes on BBC One and BBC Two alone, so moving them to digital channels is merely following current viewing patterns and reflects the fact that CBeebies and CBBC will be universally available on digital TV from the end of this year.”

But what do you think? A sticky-backed plastic storm in a teacup? Or are you also outraged? Take a quick flick through views aired on Twitter and leave your view in the comments below.

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• Lily

• SimonNRicketts

• Andy Nairn

• Barry

• @dartacus

• Joe Scaramanga

• Laura Jane

• Bee

• Steve Rushton

• andy