ITV(1) has cornered the tv-as-cheap-chat-show market, with Lorraine, This Morning and Loose Women. The BBC has to find something better, richer, more rewarding, and drop endless Homes Under The Hammer. Frankly oldies like me would prefer a little daytime horse racing and some good Open University black and white stuff - but that's not really the answer.
Any reasonable analysis of YouTube consumption shows you that around 50% is good bits of 'old tv'. Perhaps if the BBC combined the budget it's wasting on trying to make vertical videos of 2 minutes that might, one day, go 'viral', with the daytime budget, something better might emerge.
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