This is damning as it clearly shows he was speaking to JH and not his advisers unless his advisers were also at the swan lake unless Frederic Michel is telling lies
To:
Cc_=
Andrea
From: Michel, Frederic
8e~: Wed 09/02/20lt 7:24:52 PM
Subject: CONFIDENTIAL - JR - CONFIDENTIAL
as agreed on the call, I have managed to get JH quickly before he went in to see Swan Lake....and have
further chat:
- he really feels this Ofcom letter is the ultimate weapon for them to bIock the deal., it’s the last threwof
the dice for Ed. he agreed re-my earher comment to him that this was something Colette and Ed were
floatilg already in september and their ultimate trophy.
- he understands this is a deal stopper for us and shat~es our ~ustration -" we all know what Ofcom’s
intentions are and have been from the start on this". He said that in truth, this was a very bureaucratic
layer to be added and that even though on princtples we were not at all on board with it, it might be a
price worth paying for the deal to get a green light in 2 weeks.
- he can’t instruct his officials to get back to Ofcom as he is not supposed to be aware that we have
received the letter and its content....so we have to be very careful on this.
- he feels that we should take a contradan view ~md despite being rightly outraged by Ofcom’s
suggestions, we should look at the longer-term view
- no one would expect us to accept such art undertaking with the structural remedy we have proposed: us
accepting this or a middle-way would absolutely kill the public debate still
- he asked whether we would be prepared to negotiate at all. he mentioned that if needed, there is
another week potentially to be adoed to the timetable for further negotiations with OFT and Ofcom
- he wants to think it overnight and get back first thing tomorrow morning, he doesn’t want us to jump to
conclusions too fast . ¯ ¯ " ¯
-1 told’him he had to stand for something ultimately s;n.d this was his chance, to d,sm, t ss, Ofc.?~StlVtsVOFT _
and show he had some backbone¯ he said he couldn t ignore Ofcom, ne iRacl urougn[me:n
process to get some cover and in public debate, he wou[d get absolutely killed if he did sucil a thing,
Frederic Michel
Director, Public Affairs, Europe
News Corporation
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