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I'm the Ö÷²¥´óÐã's media correspondent and this is my brief selection of what's going on.

The Ö÷²¥´óÐã Trust chairman Sir Michael Lyons said the Foreign Office would still have a say over the scale of World Service operations, even though it would no longer fund them. Interviewed by Steve Hewlett on Radio 4's The Media Show, he declined to say whether he and other Trust members threatened to resign over a plan to make the Ö÷²¥´óÐã pay for over-75s' TV licences.

the Ö÷²¥´óÐã has "good reasons to celebrate" its licence-fee deal. Mark Thompson has scored "two enormous victories": he has secured the Ö÷²¥´óÐã's income for a full six years and the corporation has effectively escaped from political interference.

how the deal came about and says it is a lot better for the Ö÷²¥´óÐã than it could have been. "Critics and rivals have been wrong-footed... losing the opportunity to pile yet more criticism on the Beeb with a view to getting its budgets slashed."

Mark Thompson explained the deal in an email to staff , saying: "This is a realistic deal in exceptional circumstances, securing a strong independent Ö÷²¥´óÐã for the next 6 years":

The Ö÷²¥´óÐã Reports that the Welsh-language TV channel S4C says it will launch a legal challenge against the Government's "disastrous" decision to transfer responsibility for its funding to the Ö÷²¥´óÐã. But the minister in charge of broadcasting, Ed Vaizey said that, when the dust settled, people would understand the deal gave S4C "a fantastic future".

The first working version of the UK radio player was unveiled at the Radio Festival in Salford. The content from about 50 radio stations, Ö÷²¥´óÐã and commercial, will be available for streaming when the site goes live in December and 150 more will join for the full commercial launch in February 2011.

The Ö÷²¥´óÐã Newspaper review says all of Thursday's newspapers agree that the government spending cuts are going to hurt - but they can't agree on who will feel that pain the most. "Axe falls on the poor", the Guardian says. The Daily Telegraph, in contrast, warns that it's the middle classes who will lose out - to the tune of £10,000.

Links in full

• Ö÷²¥´óÐã | The Media Show
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• Ö÷²¥´óÐã | S4C seeks judicial review over Ö÷²¥´óÐã funding move
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• Ö÷²¥´óÐã | Newspaper review

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