Ofcom should have final say on media takeovers, say peers

Committee says final decision on plurality issues should rest with regulator rather than secretary of stateA Lords committee has called for politicians to be stripped of the power to have the final say on large media deals, following the heavily criticised process surrounding News Corporation's £8bn bid to take full control of BSkyB.The House of Lords communications committee report on media plurality, published on Tuesday, also says the BBC should be included in any assessment for the first time, as should the impact of newspaper websites and digital outlets such as the Huffington Post, Google News, Facebook and Twitter.Lord Inglewood, the committee's chair, said the industry regulator Ofcom should have the final say on plurality and competition issues surrounding any major media deal."Issues surrounding media plurality have come under the policy spotlight during the present parliament, after concerns were raised about the proposed (and subsequently abandoned) purchase of BSkyB by News Corporation," Inglewood said. "Responsibility for reconciling plurality and competition assessments of transactions and for reaching a final decision should rest with the Ofcom board, not the secretary of state."The government's handling of an investigation into Rupert Murdoch's attempt to increase his stake in BSkyB from 39.1% to full control in 2010/2011 attracted widespread criticism.Vince Cable, the business secretary, was stripped of responsibility for weighing the ramifications of... Continue reading at 'The Guardian'

[ The Guardian | 2014-02-04 00:00:00 UTC ]
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The Media Equation: Huffington Magazine Continues Digital Media’s Incursion

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[ The New York Times | 2012-06-18 00:00:00 UTC ]
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Bobit Business Media Acquires Newport Business Media

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[ Folio Magazine | 2012-05-02 00:00:00 UTC ]
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Media Decoder Blog: New Republic Gets an Owner Steeped in New Media

The newest owner of The New Republic magazine is Chris Hughes, a new media guru who co-founded Facebook and helped to run the online organizing machine for Barack Obama's presidential campaign. Continue reading at The New York Times

[ The New York Times | 2012-03-09 00:00:00 UTC ]
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comScore Partners with Buddy Media to Offer Social Media Analytics

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[ Folio Magazine | 2011-12-08 00:00:00 UTC ]
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Wright’s Media And Penton Media Announce Content Licensing And Reprints Deal

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[ Folio Magazine | 2011-11-08 00:00:00 UTC ]
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Is Donald Trump going to sue the media into complicity and silence?

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[ Literrary Hub | 2024-11-15 17:45:51 UTC ]
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Media Briefing: European publishers speak out on advertisers’ punishing brand safety practices

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How Brands Find New Audiences As Media Habits Shift

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'One Tree Hill' star Bethany Joy Lenz has finally come to terms with her cult past

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It’s time Australia called in the big guns on the social media firms. Our democracy is at risk | Belinda Barnet

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To Fight Churn on Its 740,000 Subscribers, Bloomberg Media Debuts Weekend Edition

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The Morning After: Amazon finally made a Kindle with a color display

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Xbox Cloud Gaming may finally let you stream your non-Game Pass purchases soon

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