Lord Myners
Main Page: Lord Myners (Crossbench - Life peer)
Baroness Garden of Frognal
My Lords, a great degree of independence is built in to the decisions that are taken. My noble friend is absolutely right: it is the Secretary of State who will ultimately take the decision, but it will be based on wide-ranging consultation, and will have the agreement of Ofcom and the other bodies that regulate the media.
Lord Myners
My Lords, I am sure that the Secretary of State will come to regret the very unconventional route by which he has approached this, which has not exposed this very complicated but important matter to a full competition inquiry. However, if the Secretary of State persists in his plan, can he at least give an assurance that the independent directors will be truly independent, the shareholders will not be under any influence from Murdoch and, indeed, that the company will remain an independent company and not see its other shares acquired by a party sympathetic to Murdoch?
Baroness Garden of Frognal
My Lords, the independence of the shareholders and the fact that they will not all be members of the Murdoch family are written into the undertakings. The competition aspects were ruled on by the EU Commission, so at the moment issues of plurality rather than competition are to be discussed. However, if the Secretary of State has any misgivings, he can refer the matter to the Competition Commission.