Business Standard
Sunday, May 27, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Calls grow to cut Murdoch's grip over news media
Press Trust of India / London Jul 17, 2011, 17:05 IST

Opposition leader Ed Miliband today led calls for revision of media ownership rules to prevent concentration and abuse of power in Britain, where Rupert Murdoch's embattled group came out with another apology promising to make amends in the aftermath of the phone hacking scandal.

Labour leader Miliband articulated a growing opinion when he said that Murdoch wielded too much power through his holdings in the press and television industries.

His comments found support from Deputy Prime Minister Nick Clegg who also sought a re-examination of media policy to ensure plurality and prevention of concentration of power in the hands of an individual or a group.

Under incessant political attacks, News International, the British arm of Murdoch's News Corp. Placed another advert in a number of Sunday newspapers, declaring that there should be "no place to hide" from the police investigation into phone hacking.

Headed 'Putting right what's gone wrong', the advert states that the company will cooperate fully with the probe and pay "compensation for those affected" and that the organisation was "committed to change".

The advert came a day after the company printed apologies in national newspapers, for the wrongdoings and unethical practices adopted by journalists of the now closed News of the World.

Miliband demanded cross-party agreement on new media ownership laws that would cut Murdoch's current market share, arguing that he has "too much power over British public life".

Besides Miliband, several leaders have been calling for a close look at Murdoch's current media holdings and whether they are "fit and proper" to function according to the law in Britain.

Miliband said that the abandonment by Murdoch's News International of its bid for BSkyB, the resignation of its chief executive Rebekah Brooks and the closure of the News of the World tabloid were insufficient to restore trust and reassure the public.

The Labour leader argued that current media ownership rules are outdated, describing them as "analogue rules for a digital age" that do not take into account the advent of mass digital and satellite broadcasting.

"If you want to minimise the abuses of power then that kind of concentration of power is frankly quite dangerous."

Clegg on his part said there was a need to "look again in the round at the plurality rules to make sure there is proper plurality in the British press".

"A healthy press is a diverse one, where you've got lots of different organisations competing, and that's exactly what we need," he said.

Meanwhile, the statement from News International said the group had no excuses and that it would work on the uphill task of regaining public trust.

"We will not tolerate wrongdoing and will act on any evidence that comes to light."

It said the apologising for mistakes and fixing them were only the first steps.

"It may take some time for us to rebuild trust and confidence, but we are determined to live up to the expectations of our readers, colleagues and partners. We will not stop until these matters are resolved."

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- EGoM to now decide on base price for spectrum auction
- Air India pilots wanted a halt to command training of IA pilots
- Rohit Viswanath: The news about soft power
- Traders go long on $-Re , short on Euro-Re
- ICICI Pru Life to use multiple CEOs to drive profitability
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us