A good start, but if it were me, I'd actually change the colours on BBC One to yellow. Also, I think you need a background. The logo is there, but it needs something going on. I would suggest an atlas, dotted around the UK, as a new version of the globe.
Interestingly, the cut-out logo was originally yellow before I changed it to the common red theme that BBC One is identified with. This is back on page 6 when people requested I changed the rounded logo.
As for the background, I do have to agree that nothing really stands out about it, it's just a shade of red. And as well, that atlas idea could be an interesting idea for regional stings, I was thinking that certain parts of the UK would form and then reveal the BBC One logo with the region name below it. Thanks for the suggestion, though, I'll see if yellow will suit my ideas well.
Do you even read these?