Ofcom, the UK’s communications competition regulator, has published its latest annual report on the BBC. With mounting pressure to engage younger audiences and TV license fee freezes limiting the BBC’s potential for revenue growth, this is Ofcom’s most important assessment of the public service broadcaster to date. While Ofcom prefaces the report by saying that the BBC faces challenges reaching younger generations, results show that 61% of adults view the BBC favorably, as of writing—a similar figure to when Ofcom started reporting in 2017/18. A plateau over 6/7 years is encouraging, but being viewed in a “favorable” light is not a metric that is ultimately going to keep the BBC safe from further aggressive cost-cutting measures. Crucially, this is the…