The BBC has conceded that its governing body, the BBC Trust, should be scrapped and replaced by an independent regulator.
According to an article in today's Telegraph, the BBC is poised to admit that the Trust is no longer viewed as a "credible and independent" regulator.
The Trust, which is tasked with overseeing editorial standards and value for money, has haplessly lurched from one crisis to another over recent years.
Setting aside sexual abuse scandals for a moment, the BBC has faced particularly swingeing criticism over bumper executive pay-offs, gold-plated pensions and general frivolity in the way it spends public money.
In recent months the Trust has faced increasingly probing questions over the manner in which it has apparently suppressed the release of the much-anticipated Dame Janet Smith Review into historic cases of sexual abuse within the BBC.
Culture Secretary John Whittingdale MP, an outspoken critic of the BBC, is currently considering the future shape of the Corporation when its Royal Charter comes up for renewal on 31st December 2016.
Given the BBC's submissions, it looks increasingly likely that the Trust will be abolished in the new year.