Media: Ownership Debate

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Lord Grade of Yarmouth

Main Page: Lord Grade of Yarmouth (Non-affiliated - Life peer)

Media: Ownership

Lord Grade of Yarmouth Excerpts
Monday 4th April 2011

(13 years, 1 month ago)

Lords Chamber
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Baroness Anelay of St Johns Portrait Baroness Anelay of St Johns
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My Lords, it is a rule of the House that for it to be in order only one person should be on their feet at one time. I am sure that noble Lords on all Benches wish to abide by that. I am aware that my noble friend Lord Fowler has recently spoken. Perhaps we should hear from the noble Baroness, Lady Bonham-Carter, before we hear from the noble Lord, Lord Grade, unless another Member of the House wishes to speak first.

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Baroness Garden of Frognal Portrait Baroness Garden of Frognal
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My Lords, my right honourable friend the Secretary of State has conducted this matter in a totally transparent way and has published all the documents that he could at the time that they could be published. It has been out to consultation and more than 40,000 responses have been received, most of them through an internet campaign. My right honourable friend is considering all those responses, after which he will make a statement. He has not gone into this with a closed mind; he is open to the views that will come in.

Lord Grade of Yarmouth Portrait Lord Grade of Yarmouth
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I have watched dealings between different Governments and News International for 30 years and wonder whether the Minister agrees with me that the process we are going through is one of the most transparent and independent that there has ever been. In reaching a final settlement, what guarantees will the Government seek on the commercial viability of Sky News as an independent entity?

Baroness Garden of Frognal Portrait Baroness Garden of Frognal
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I thank my noble friend for that question. I do, indeed, agree with him. The guarantees of financial independence are underpinned by the carriage licensing for 10 years, which will guarantee funding and brand licensing for seven years. Those have to be approved by the Secretary of State. We have underwritings throughout this process to ensure that Sky will remain independent and financially viable.