News Corporation/BSkyB Merger
Debate between Baroness Rawlings and Baroness Kingsmill
Baroness Rawlings
My Lords, the editorial independence is of paramount importance. A number of changes have now been made to the undertakings to strengthen further the arrangements for independence, which I will read out:
“Sky News’ Articles of Association set out the definition of independent directors; Meetings of the board of Sky News about editorial or journalistic matters will only be quorate if an Independent Director with senior editorial and/or journalistic expertise is present. Similar arrangements apply to the corporate governance and editorial committee. This is a response to representations that these arrangements could be undermined if this Director was often unavailable for meetings for whatever reason”—
the majority of directors are independent, so there is no voice in the wilderness.
“The change will ensure that Sky News organises its business so as to ensure that there is always appropriate senior editorial and/or journalistic expertise at relevant meetings. The appointment of a Monitoring Trustee whose main role is to ensure that News Corp complies with the undertakings and make sure that News Corp does not do anything ‘that would prevent Newco [i.e. the spun off Sky News] being placed in an overall position of editorial, governance, commercial and financial independence in which it will contribute to plurality as Sky News did prior to the Transaction’”.
I will write to the noble Lord about the number of directors.
Baroness Kingsmill
My Lords, I wonder whether the Minister can give some assurances about the financial viability of Sky News following this proposed spin-off, if you like, as an independent. Without the backing of a large media organisation, one wonders how long it can possibly last. It does not make any money as an organisation as part of News Corp, so how long is it likely to survive? We need this as part of the news plurality in the UK. Perhaps the Minister can give us a little information on that one.