Lord Campbell-Savours
Main Page: Lord Campbell-Savours (Labour - Life peer)I understood that. Perhaps I should move on swiftly. There clearly is suspicion about the role of independent directors. Various people have mentioned the Times and the Observer, but even going back to the takeover of the News Chronicle by the Daily Mail, the record was rather poor. Undoubtedly, these undertakings will be looked at with huge scepticism.
Apart from being very light on the issue of overall media power, both the Statement and the letter from Ofcom are extremely light on how the new Sky News will be financed. My question for the noble Baroness is: is it intended that all the money will be put up by News Corporation for the next seven to 10 years? If so, will we have satisfactory undertakings that, despite the fact that it is retaining only 40 per cent of the business, it will continue—
My Lords, this is an abuse of our procedure. Would the Whips step in to sort it out?
My noble friend Lord Elton is absolutely right to say that it is 39.1 per cent, but I cannot give him any further details about further permissions because they are not in my briefing.
My Lords, I should like to follow up the question asked by the noble Baroness, Lady Howe of Idlicote. What pressures can be exerted by BSkyB for an accelerated reduction in the subsidy paid to Sky News over the coming years, thereby reducing the quality of news output by Sky News?
The noble Lord, Lord Campbell-Savours, asks me about the subsidy to Sky News. I am not aware of any subsidy to Sky News as yet; and, if there is a subsidy, I am sure it will be published for everyone to see.