Tony Hall: BBC Three going online sooner than I'd like
6 March 2014 Last updated at 16:02 GMT
The man in charge of the BBC, Director General Tony Hall, says he has had to make a decision about putting BBC Three exclusively online sooner than he would have liked.
Mr Hall has confirmed plans to close BBC Three as a TV channel from autumn 2015, with its budget slashed from £85m to £25m.
He said: "We don't have enough money to keep doing all the things that we are currently doing.
"I would like not to be doing this. I would like to be doing this over five years."
BBC One drama is to receive a £30m boost from the closure and the proposal will create space for a BBC One +1 service and a one-hour evening extension of CBBC to 2000 GMT.
Director General Tony Hall has been speaking to Newsbeat presenter Chris Smith.
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