Oh yes. Scrap the licence fee, bring in commercials, and generally make it just like ITV.
Then we can have quality programmes like Tortoises Do The Craziest Things, Celebrity Knitting with Dale Winton, Britain's Fattest Plumber, and the top new game show, What's In The Bucket, hosted by Jeremy Spake. Obviously the Corporation is far too left-wing (I saw an episode of The Tweenies recently that was just like an address by Kim Jong-il), so even it up by making Nick Griffin the chief political correspondent. Make Question Time more appealing to the masses by putting Keith Chegwin in charge and letting the audience vote for which of the panel should end the show in the gunge tank, and further promote the talents of George Lamb.
Actually, that last one might be going a bit too far.