The BBC waste money - Is this really news?

'The BBC's ten-year long Digital Media Initiative has already fallen tens of million of pounds short of achieving cost saving, a study by the National Audit Office for the BBC Trust has found.
Described as a "technology transformation project" the DMI is intended to achieve efficiencies and "prepare us for an on-demand digital environment" by allowing staff "to develop, create, share and manage video and audio content and programming on their desktop". It was announced in 2007 and has a price tag of £133.6m, and Siemens was appointed contractor.

Instead of saving £17.9m, the DMI instead cost the BBC £38.2m net – an impressive overrun. The NAO found that the "early stages of the programme were not value for money", even after some £27.5m was clawed back from Siemens when the contract was terminated.'

For more details take a read of this article from The Register