The judges are: artists Marc Quinn and Cornelia Parker; Mollie Dent-Brocklehurst, co-director of the Gagosian gallery; broadcaster and director of White Cube, Tim Marlow, and Guardian art critic Jonathan Jones.
Tony Hall, the broadcaster's director general, said: "For me a line has been crossed.
So the announcement on May 17th of the replacement of the broadcaster's director, Zhao Huayong, described it as a "normal retirement".
Andrew Olson is the broadcaster's director of new products, and has led a years-long effort to develop Sky Q.
To further reinforce the case, the broadcaster's director of strategy, James Purnell, suggested that based on the numbers, the organisation's need is self-evident.
Respond to criticism from, among others, the broadcaster Lord Bragg and Nicholas Hytner, director of the National Theatre, that the BBC does not do enough arts coverage.
Mark Thompson, the broadcaster's director general, told his staff that the changes — which amount to cuts of about $1.03 billion a year, or a 20 percent reduction in spending over five years — would lead to a "smaller, radically reshaped BBC".
"I believe strongly that the BBC has the best news organisation in the world," said the broadcaster's Director General Tony Hall, at the launch of its annual report last week.
On the same day in London, the broadcaster's director general, Mark Thompson, is to meet with the BBC Trust, the board that oversees the publicly financed company, to update members on a scandal over misleading video footage of Queen Elizabeth II.
Jermey takes over responsibility for ITV's network news operation from Mark Sharman, the broadcaster's director of news and sport, who is also leaving at the end of the year.
