BBC One, which is having its overall budget cut by 3%, will see a reduction in entertainment programmes "which have a lower impact", Thompson said.
There will be fewer chat shows and panel shows on BBC Two, and digital channels BBC Three and Four will become feeder channels for BBC One and Two respectively.
Other key points include:
There will be a 15% reduction in the BBC's sports rights budget. This includes the decision earlier this year to share the rights for Formula One with BSkyB.
Small reduction of 3% in BBC One's budget but money to be reinvested on comedy and drama.
Extra investment in children's channels to be protected.
More funding for factual programming on BBC One and BBC Four.
BBC Two's daytime schedule to feature international news and current affairs at lunchtime, with repeats of mainly factual programmes at other times.
Radio 4's underlying programme budget to be unaffected.
More money to "protect and improve" quality of Proms coverage.
The BBC HD channel will close and be replaced with a single version of BBC Two in high definition.
Red button services will also be reduced after the Olympics.