The 'fit and proper' question has been floating around since before the BSkyB bid was withdrawn. There always was the potential for it to spill over into the rest of News Int's operations. I think it's good that the committee have come out and said it. Much easier for Ofcom to say it now that it's been said, iyswim.
Well the share price is rising.
You must have missed the big news, there's a possibility that people who testified and who may have misled the committee may be called to apologise to parliament!Of course it is, they (the Committee) have just loudly threatened to do nothing to NI and the Murdochs.
The basis for it seems to be the cover-up:I have only scan-read full report but this "not a fit and proper person to run an international company" bit is somewhat curious; its as if the Committee is deliberately framing a conclusion that it knows it has no way of enforcing.
After all, they appear to have not called for an OFCOM review into whether broadcasting licences should be granted to Murdoch-ran firms (where there actually is a fit and proper persons test of sorts), nor have they called for legislation requiring proprietors of media outlets to have a limited number of outlets.
Why we believe Rupert Murdoch is not fit to head News International
There are many examples of questionable practices at the News of the World, all in the public domain – from the Operation Motorman inquiry into the use of private detectives, to the judge's comments about blackmail in the newspaper's sting on Max Mosley.
Yet no action was taken. "This culture," we considered, "permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International." We concluded, therefore, "that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company".
They've pretty much wrapped a turd up in a copy of The Sun, put it on the doorstep of Murdoch Mansions, lit it and run away.
Which is more than most hoped, I suppose.
You must have missed the big news, there's a possibility that people who testified and who may have misled the committee may be called to apologise to parliament!
On media plurality, I don't think the committee is in a position to comment directly - they've not looked at it AFAIK, but Leveson is. The trail leads straight back to Thatcher's fudge when she facilitated The Times takeover, which involved Murdoch making various undertakings to protect editorial independence. That was always a sick joke, and it's one of the lines Jay was clearly pursuing with Murdoch last week.
OFCOM didn't need them to go as far as declaring Murdoch not 'fit & proper', there's no love lost between OFCOM and Murdoch, if anything this could make things harder for OFCOM, as they could now be accused of rolling over to political pressure if they come with the right conclusion themselves.
If OFCOM even looked like they are considering taking licences off of Murdoch-controlled businesses then they will need all the help that they can get.
If OFCOM even looked like they are considering taking licences off of Murdoch-controlled businesses then they will need all the help that they can get.
(edited for a couple of typos)
The "not fit" is significant though given the OFCOM review
Glad that was screen grabbed when it was, headline now "MP's split over "Murdoch unfit" verdict. If they had kept the original headline I might have bought a copy tommorrow
We continue to believe News Corp being declared "unfit" to own/control media assets in the UK would ultimately be viewed positively for News Corp shareholders...
Divest UK Newspapers: Investors would love to see News Corp sell off their UK newspapers. The business has become significantly less profitable since the closure of News of the World (replaced to a less profitable extent by the recently launched Sun on Sunday), with overhead bloated relative to the division's remaining revenues.
... However, with it looking increasingly doubtful that News Corp will be able to resuscitate a transaction at any time in the foreseeable future, we believe News Corp shareholders would benefit from reducing their BSkyB stake (39%). News Corp has never received full credit for the value of its unconsolidated BSkyB investment and an auction of News Corp's voting control stake in BSkyB would likely generate meaningful incremental value to News Corp investors.
The Committee was split on one sentence only - on the expression of an opinion beyond its remit. That's also the sentence that's grabbing all the headlines.Interesting that it's split down party lines. Tories in the pocket of Murdoch. Could they shoot themselves in the foot any more?
Untrue:The Committee was split on one sentence only - on the expression of an opinion beyond its remit. That's also the sentence that's grabbing all the headlines.
It was agreed on absolutely everything else in the 86 (?) pages.
No, that's not true - the formal minutes (p.100 onwards) show many such divisions.The Committee was split on one sentence only - on the expression of an opinion beyond its remit. That's also the sentence that's grabbing all the headlines.
It was agreed on absolutely everything else in the 86 (?) pages.
Okay, from the final report: