Tag Archive | "leveson inquiry"

Concern raised over Leveson fact-checker’s £220k fee

A Conservative MP has raised concern over the amount of  taxpayers’ money the Leveson inquiry paid to a fact-checker for her work. Read the full story

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News Corp chair Rupert Murdoch called to step down by shareholders

News Corporation shareholders announced on Wednesday the filing of a joint proposal for the appointment of an independent chairman of the company.

The group will heap pressure on media mogul Rupert Murdoch to step down from his role in News Corp, which owns newspapers The Times, The Sun and formerly News of the World. Last year, a similar motion to remove Murdoch attracted strong support (two-thirds’ share of the vote) at the company’s annual shareholder meeting.

The proposal was introduced this week by Christian Brothers Investment Services (CBIS),which manages investments worth $4.6b for Catholic institutions worldwide. It is backed by the  Local Authority Pension Fund, an association of 55 public sector pension funds based in the UK, with combined assets worth over £155b.

Pressure from shareholders has been mounting since the phone-hacking scandal at News Corp’s UK newspapers triggered investigations on News Corp divisions in both the UK and US. The scandal led to the resignation and criminal trial of News International chief executive Rebekah Brooks and the Leveson inquiry into press standards. Murdoch’s paper at the center of the scandal, The News of the World, was subsequently closed. Given the Murdoch family’s control of News Corp’s shares, the proposals are thought unlikely to succeed.

The company plans to split its publishing titles, including the Wall Street Journal and Sunday Times, from its considerably more profitable pay-TV and film assets. On Wednesday, the company announced its latest quarterly revenues rose 14 per cent from a year earlier to $9.5bn in the quarter ending 31 March. Net income increased to $2.85bn, and its cable business assets rose 17 per cent. The figures were ahead of analysts’ expectations.

A CBIS statement said: “A resolution introduced at last year’s meeting which called for an independent chairman was approved by two-thirds of the independent shareholders, while another calling for the elimination of the company’s dual-class share structure was approved by 62 percent of the public shareholders.

“The shareholders believe that by responding positively to these corporate governance issues, News Corporation can improve oversight of management, reduce business risk and better represent the interests of all shareholders. These two resolutions are the latest salvos in an ongoing campaign by concerned institutional investors to dramatically revise the corporate governance practices at News Corporation.”

(Sources: CBIS Online, MediaGuardian)

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BBC should have campaigned against Leveson, says ex-Radio 4 journalist

Robin Aitken, a former current affairs journalist at the BBC, has said the corporation failed “to mount a robust campaign against Leveson” and has “done a great disservice to this country”. Read the full story

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It is war’s prize to take all vantage…

wordle 200313

An illuminating review in this week’s Economist of ‘Iraq: From war to a new authoritarianism‘ by Tony Dodge. Read the full story

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Hacked Off: Regulation proposals are ‘weak’

The Hacked Off campaign has told David Cameron his proposed press regulation plans are weaker than the current Press Complaints Commission. Read the full story

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Broadcasters urge press industry to accept regulation

The argument that statutory press regulation will be “anathema to free speech” is “wrong and insulting” according to a letter co-signed by former BBC director general Greg Dyke. Read the full story

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Press regulator advisers named

Former Times editor Simon Jenkins, former Labour culture secretary Lord Chris Smith and the former president of the supreme court, Lord Phillips have been named as the individuals responsible for setting up a new press regulator. Read the full story

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Leveson: Journalists’ ethics could slip chasing bloggers

Competition from bloggers and Twitter users could contribute to falling standards among conventional media, Lord Justice Leveson has warned. Read the full story

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”

Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.

(Source: POLIS)


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