The London Times is reporting that the BBC is planning a substantial series of cuts that will be announced in a strategic review next month. Spending on foreign acquisitions, currently budgeted at £100 million, will be cut by 25% and perhaps as much as 33%, according to some of the Times’ BBC Trust sources. Reports say half of the BBC’s web pages are set to be closed, and online staff to be reduced by 25%. Digital radio stations 6 Music and Asian Network are reportedly set to be closed, as are teen brands BBC Switch and Blast! Meanwhile, BBC2′s budget is expected to be increased by £25 million, according to the Times.