It means the job stays in Henley, or technically, just outside, in the village of Peppard, where Mr Davie has land enough to host charity running races.
Tim had a flirtation with The Premier League earlier this year, where he might have expected to treble his salary - and now will have to do with even less as he moves from the bonus-led job of running the commercial BBC Studios, the BBC's highest paid employee, to the full public service scrutiny of the DG role.
This blog has occasionally accused him of Davie-speak, where sentences are assembled and look ok, but actually don't turn out to mean much. Let's hope he's been working on that. And maybe DG Tim can persuade BBC Studios to buy back BBC America, a daft deal struck by Worldwide CEO Tim. On other fronts, Mr Davie has views about duplication in BBC News, which may be no bad thing.
Let's see how he sorts out his team for a September launch....
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