Safe areas can be relaxed now, the BBC themselves moving to 16:9 safe more and more, don't be afraid to use it.
The logotype looks a bit 'off' - this could be because the BBC lozenge isn't sitting comfortably next to the reith serif text. Maybe a more 90s style BBC logo on its own could work?
The colours are a bit garish however I suspect this is because of the transparency effects, perhaps they could be 'pulsing' colour?
The text being different sizes from one element to the next - the astons, clock and live bug look huge compared to the ticker for instance.
Few things to consider.
Kind of reminds me of the 1997 graphics for News 24
Oh it's such a perfect day, I'm glad I spent it with you...