News Corporation/BSkyB Merger Debate

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Baroness Howe of Idlicote

Main Page: Baroness Howe of Idlicote (Crossbench - Life peer)

News Corporation/BSkyB Merger

Baroness Howe of Idlicote Excerpts
Thursday 3rd March 2011

(13 years, 9 months ago)

Lords Chamber
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Baroness Rawlings Portrait Baroness Rawlings
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The noble Lord, Lord Borrie, makes very valid points. He knows about independence and Ofcom from having been chairman of the OFT. We either have to believe in this country that we have independent appointments or we do not. The way in which this country is run means that many bodies have independent board members and independent chairmen; it is not government and the Murdoch family. Paragraph 3.3 of the paper states that the new chairman will be independent.

The noble Lord, Lord Borrie, mentioned 10 years. The Office of Fair Trading stated that the Sky News company, which was not part of News Corporation, will be viable for at least 10 years. That is a long time in this market, and I remind the noble Lord that it is difficult to predict with certainty what the media world and plurality will be like in that time.

Baroness Howe of Idlicote Portrait Baroness Howe of Idlicote
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My Lords, alas, I fear that there is quite a lot of scepticism on the part of a number of your Lordships and concern about plurality. I accept that an independent chairman will be an improvement, but, by way of helping to reassure myself, I ask about the guarantee for 10 years that this sum—I believe it is 65 per cent—will be provided for the needs of this independent organisation. Will it be available every year or will it be a lump sum? If it is provided on a yearly basis, my concern is whether any condition might be attached—perhaps a delay in paying the sum. Might there be a way in which that could happen?

Baroness Rawlings Portrait Baroness Rawlings
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Understandably, there is a certain amount of scepticism about some of the details. As I say, this is not a final decision; we are still consulting. The point about plurality came clearly from Ofcom. Its conclusion was that,

“we consider that the revised proposed undertakings would address the plurality concerns identified in our report of 31 December 2010”.

At the moment, I cannot give the noble Baroness the details of how the money will be given.