Channel 4 will drop its midday news bulletin from December in a bid to cut costs.

The 8pm bulletin on digital sister More4 has also been axed, with the broadcaster citing the ‘severe economic slowdown’ as a reason for the cuts, reports BBC Online.

Channel 4 said that resources would now be focused on its main evening news bulletin and an improved online politics news service.

It was recently reported that up to 20 jobs were under threat at ITN, which provides Channel 4’s news programmes.

After ITN staff were informed of the cuts on Wednesday, presenter Alex Thomson wrote on his Twitter page: “Sad news. We are slump victims like so many others out there”.

In a statement, Channel 4 said it wanted to preserve the ‘reach and impact’ of their news bulletins in a cost-effective way.

It said: “We have tried to minimise the impact of these savings on viewers while preserving the quality and integrity of our widely acclaimed evening programme in the face of severe financial pressures.”

News at Noon host Krishnan Guru-Murthy will remain with the channel, which still intends to run a lunchtime summary.