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Published 07:24 24 Mar 2015 GMT
Updated 08:11 24 Mar 2015 GMT
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Starting in July, the new two-hour show will be accompanied by a live TV programme on CBBC - a placement which should tell you all you need to know about who the corporation thinks should be listening to chart music.
The reason behind this move lies with a global agreement by the music industry to release albums and singles on Fridays.
Radio 1 Controller - AKA Captain Obvious - Ben Cooper said:
"The days of recording your favourite songs from the chart onto cassette are long gone,
"So when the global release date changes to a Friday, we will also move the Official Chart, continuing our commitment to stay relevant to young music fans of today".
A chart show has been part of Radio 1’s Sunday scheduling for almost 50 years, going back to the dim and distant days of Alan Freeman’s Pick Of The Pops in 1967.
You're going to have to find a new soundtrack to your hangovers or homework, guys.

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