In short, the BBC is flush with cash - nearly £5 billion each year - but doesn't quite know what it should be doing with it. It's not quite sure if it's a quasi-business or a public service, it's nervous of sounding patrician and it's terrified of taking big creative risks for fear of losing ratings.
In times like these, when money is tight it's only right that the BBC looks at where it can reduce its costs. But it is just as important that this is done in a way that is fair and protects local services and jobs where possible. Currently they aren't as 280 of the 380 jobs scheduled to be lost in the English regions, will come from local radio.