Tag Archives: Operation Weeting

Age of darkness coming

An interesting article came to light today. Actually, it might not be that interesting. It is merely the consequence of a series of bad decisions by several people. The interesting part is that it was not a local thing. This is possibly one of the few times where several decisions on a global scale escalated one another into the move away from what at times now is laughingly referred to as ‘journalism’. The Guardian (at https://www.theguardian.com/media/2017/apr/15/journalism-faces-a-crisis-worldwide-we-might-be-entering-a-new-dark-age) gives us “Australia’s two largest legacy media organisations recently announced big cuts to their journalistic staff“, up to 120 editorial positions are being wiped from the list of employment options. Apparently there was also the mention “Both announcements were accompanied by corporate spin voicing a continuing commitment to quality journalism. Nobody in the know believes it“. It is followed by the mention that this is partly thanks to Donald Trump. The truth is nowhere near Trump, the entire Trump bashing is merely putting in the spotlight what had been known for some time. There is however a side that is very much true and it is escalating into a movement that will change even further over the next 20 months. The quote “technology has torn apart the two businesses – advertising and news – that used to be bound together by the physical artefact of the newspaper. Once, those who wanted to find a house, a job or a car had to buy a newspaper to read the classifieds. Now, it is cheaper and more efficient to advertise and search online“, it will change even further and the bulk of the audience is not up to speed yet, but within a year they will be.

For me the messed up situation was visible for a long time. No matter what excuse the people of News give, whatever Fairfax claims, it does not matter. Consider the following: ‘Will you pay $2.4 for filtered news?‘ This question is a lot harder than you realise, because the definition of ‘filter’ is not a given, but it is at the heart of the matter. Let’s take a few parts to give you a little perspective.

2010, 2011, we are given all kinds of news regarding Grexit, a weird dirty dance where some players are ‘threatening’ to expel Greece from the Euro. We see the news for weeks, yet no one seems to know what they are doing and the papers are absent in mentioning a legal work that was published in December 2009 by Phoebus Athanassiou that basically inform us that expulsion is not an option, you can only voluntarily leave the EEC and the Euro. The paper (at https://lawlordtobe.com/wp-content/uploads/2015/07/ecblwp10.pdf) is a paper that comes from the European Central Bank, so why were the newspapers in the dark? Why were the readers not properly informed on this? All the value of a newspaper thrown into the circular filing system, value lost forever.

2011 Operation Weeting. This would be the beginning of a decline that escalated on a global scale. Most people took notice to some degree regarding the News of the World, the phone hacking scandal and the celebrities involved, yet when the world learned of the hacked phones of murdered schoolgirl Milly Dowler, relatives of deceased British soldiers and victims of the 7 July 2005 London bombings the world did not react in kindness, those involved had crossed a line that a very large group found too unacceptable. Many went from ‘Ah well, celebrities!‘ towards ‘WTF!‘ and ‘Could this happen here?‘ two very different trains of thought, the Leveson inquiry that followed was followed by many and a lot of them not in the UK, when the conclusions were revealed we saw a group of editors shouting murder, fascism and on how the freedom of the press was in danger whilst none of them showed any level of accountability, this was one of the clearest coffin nails. There is more and part is not their fault. In this the politicians also have a blame in the matter. As the actual press (the Guardian, the Times, the Independent) were trying to continue to be the responsible ones (to the larger degree), they were placed next to tabloids, magazines proclaiming to be newspapers whilst limiting themselves to ‘Kardashian puts ample bust on display’ (Daily Mail). A lot could have been prevented by making these tabloids VAT (read GST) enabled. Giving the tabloids no longer a 0% VAT options would have levelled the bar a little (read: truly, just a little) against the actual newspapers in the UK. It could have spurred a larger European change. It would not have ended better for the newspapers, yet some of them would have had more time to change their product and business approach.

2012 Sony, this is the one that really got me mad. Two weeks before the PS4 was launched, Sony pulled a fast one. I discussed this (at https://lawlordtobe.com/2014/08/12/no-press-no-facebook/), in my article ‘No Press, No Facebook!‘, in this case the Guardian was pretty much the only newspaper that gave it any decent attention. A change that would affect 30 million gamers and the news remained absent. So where is the value of my newspaper now? It was “7.1. You must not resell either Disc-based Software or Software Downloads, unless expressly authorised by us and, if the publisher is another company, additionally by the publisher“, it was followed by a weak statement by a board member of Sony, but the papers and other media were quick to ignore it and none had the critical statement: ‘A terms of service is a legal document, a statement by a board member of Sony can be countermanded with a mere memo‘, the press remained absent! It all sizzled down the track as the TPP never came into effect, but the damage was done and now it was damage that hits the press as well as they were too busy with circulation numbers and facilitating to your advertisers, because Sony PS4 advertisement money is what all newspapers desperately needed, so compromising 30 million gamers (that’s Europe, with 5 million in the UK) was likely not a big deal to them.

These are a few of a growing list of issues where the newspapers are in a bad place, but to some extent they got themselves there. Margaret Simons gives us “Today, just about anyone with an internet connection and a social media account has the capacity to publish news and views to the world. This is new in human history” near the end. She is correct here, but she also forgets to mention that reach and quality is still and issue. I have, with my blog, a mere reach of 5-6 thousand readers, which is next to nothing. I believe that I offer a quality view, but that is in the eyes of the beholder. However, I am only a blogger. When she mentions ‘the capacity to publish news‘ is not entirely correct. Some are falling in front of the news because of location, yet these people are for the most not journalists and that is the kicker. Pieces that are truly journalistic remains pieces of value, the people are just having too many question marks. In addition, the people have lost a massive amount of quality of life, and the price of a newspaper subscription whilst news online tends to be free and the cost of living is going up is also a factor we cannot deny. Yet in equal measure I have worked in firms where they all had 2-5 newspapers on a daily base, most (read: nearly all of them) have stopped doing that, cutting costs did that to some degree.

So as we see the announced age of darkness coming into the newspaper business, we cannot fault their hardship, even though they themselves are partially to blame, yet in equal measure, it seems to me that quality journalism is becoming a nuisance in several European nations. They can hide some of the bad news in sponsored morning shows, there they can spin to some degree, but in a newspaper, and it is all about the relevant information, a side too many players are currently too uncomfortable with. Its fair enough that some journalists are trying to get around that part, but as too much actual news is given to us freely at a moment’s notice, many agree that there is too much speculation in some news, like ‘North Korea may be capable of firing a missile loaded with sarin nerve gas toward Japan‘ (source: CBC), yet in equal measure the newspapers have not been the utterly reliable source of news either and on both sides of the publications, there seems to be a growing issue with ethics to consider and that is even before we add tabloids like Daily Mail, Mail Online, and whatever Murdoch gets to publish. The newspapers became a multidimensional mess. I personally think it is because they waited too long to embrace the online community and that is before the new changes hits them over the next two years. By proclaiming themselves as non-accountable and considering themselves as too important, they marketed themselves straight into the insolvency mode. Yet, that is merely my view on all this.

 

Leave a comment

Filed under Finance, Media, Politics

Medici decided to do Shakespear

All the world’s a stage, and all the men and women merely players; they have their exits and their entrances. This is what went through my mind when I saw ‘Phone hacking: CPS may bring corporate charges against Murdoch publisher‘ (at http://www.theguardian.com/uk-news/2015/aug/28/phone-hacking-cps-may-bring-corporate-charges-rupert-murdoch-publisher) this morning. You see, the phone hacking scandal is not new, this started in 2011, and now, 4 years later the CPS decides to get a clue (or was that gives a toss?).  It matters not where they are at, the news as given seems to be the aftermath to the party someone seemed to have missed. The question becomes, who is the mad hatter? Is it the one giving the party? Perhaps that label is attached to a notion, a gimmick or even an organisation. It does not seem to be an individual. Let’s take a look at the story, you see, this is the fact of writing on the mad hatter “The Hatter explains to Alice that he and the March Hare are trapped in a never-ending tea party because, when he tried to sing for the Queen of Hearts at a celebration, she sentenced him to death for ‘murdering the time’. He escaped this fate, but Time, out of anger at his attempted to ‘murder’, has halted himself for the Hatter, keeping him and the March Hare at 6:00 pm forever“. If we paraphrase ‘murdering time’, we could get ‘wasting time’. But whose time was wasted? Is one of the players really a mad hatter? We no longer use Mercury in the fabrication of hats, but the issue remains, this article reads like it is something else entirely. I could go on with the March hare, but I think I am already getting through to you. The question becomes, who is Alice and why is she at this party?

There are two quotes, one following the other that gives way to my thoughts “The Metropolitan police handed over a file of evidence on News International – now renamed News UK – to the CPS for consideration after an investigation stretching back to 2011, when the News of the World was closed at the height of the scandal“, which gives us, why is the CPS only now taking a ‘better’ look? 4 years later, is that not odd? Then we get “We have received a full file of evidence for consideration of corporate liability charges relating to the Operation Weeting phone-hacking investigation”, which implies that the CPS and other players never looked at corporate liability charges the way it should have been looked at. This now gives us loads of questions and it should leave you with the question ‘What exactly was behind the looking glass?’ Who was looking, or better stated, who was NOT looking.

The quote “The CPS decision comes six months after the US department of justice told Murdoch’s company it would not face charges in the US” leaves the impression that the actions of the CPS have been in very bad taste, the rights of the people had been violated with impunity and only after the press at large felt the impending dangers that their time of abuse was over (due to the Levison report) did they dress up like debutantes, eager to take whatever was ‘thrusted’ into them to avoid losing ‘their’ power base. All the efforts in how they claimed that they would be worthy of self-administration, worthy to remain ‘unaccountable’. The ink had not even dried on the verdict when we got to read about the ‘suicide mission’ of Malaysia Airlines Flight 370.

Only now do we see that Murdoch’s company ‘could’ be prosecuted (that does not mean it will be successful) regarding corporate liability. I am not buying it. When we consider the subtitle ‘The Serious Fraud Office (SFO) is set to interview former Tesco chief executive Philip Clarke as part of its criminal investigation into the supermarket chain‘ (at http://economia.icaew.com/news/august-2015/sfo-questions-former-tesco-ceo), whilst the news remains massively silence regarding linked party Pricewaterhouse Coopers, we have to start asking a few very serious questions. Yet, the article also tells us: “the Financial Reporting Council launched a probe into the roles of PwC and various members of the accountancy profession involved in the preparation, approval and audit of its accounts“, we should worry if any of this will go anywhere. The entire Tesco matter was a six billion plus pound drop on the economy. Not the smallest of events, yet no serious investigations, or if there is, the press is steering clear of all this, which is another oddity entirely.

Yet 10 days ago, we see “The FCA has dropped its probe into Quindell after the Serious Fraud Office launched a criminal investigation into the business and accounting practices at the insurance technology firm” with the added “In May Quindell announced that PricewaterhouseCoopers had completed an independent review of a number of its accounting policies”, as well as “PwC also identified that some policies were not appropriate. Quindell’s own review confirmed PwC’s findings“. Are the involved players playing footsie (the use of involved is intentional, this game had more than two players), or are we seeing the start of a new dance, one where in the end, no one goes to jail and no one loses anything, other than a few slapping of the wrists.

So how does this all links? Well, it doesn’t link, they are separate entities, but the given is that we are watching several plays where pretty much all the actors will get away with murder and as the cadavers on stage are real, the people go home reflecting on how realistic it all looked, not realising that we watched games with actual casualties.

Are we facing the beginning of a new Machiavellian play here?

The quote “A source familiar with the original investigation said there could be an element of politics in the transfer of the file. “My best guess is because nobody in the police has the bottle to draw the line under this, they have just passed the buck on the CPS” gives us something to ponder. The CPS website gives us this: “The statutory role of the Crown Prosecution Service is to advise the police in certain circumstances, and to conduct criminal prosecutions. The police provide evidence and information to enable the CPS to carry out these statutory functions“, which gives us the thought ‘if it is statutory, why was this not done sooner?‘ So why did this happen after such a long time, why was the CPS not chomping at the bits on day one that there was a clear issue with the news of the world? In my view, we need to consider that there are more elements in play. Political elements. It is merely a speculation from my side. I would think that cases like Rolf Harris and Jimmy Savile prosecution elements would have learned their lesson, but that does not seem to be the case and face it, this is about money, nothing sexual sexy about it, so the press does not seem to care.

The only question becomes is this truly about going after Murdoch, or is this about tying down resources so that they do not have to go after PricewaterhouseCoopers? My side on this is purely speculative, but consider the fact that the CPS has 8000 man and the fact that the SFO would be (read should be) looking at PwC, the fact that the press steers clear of it is weird to say the least. The Tesco mess will take a long time to unravel, the fact that it is kept away from everywhere is a matter of concern to all.

That is where we are at. So there was no typo at the start, we are watching certain people wield a spear, it is thrust at certain players who will most likely survive and it seems to be for the benefit of theatrics and ‘non-convictions’. Even now, as we see PwC named in linking to Quindell, the press steers clear form PwC regarding Tesco. So in all this, what is wrong with the picture we see, moreover, why is there ‘suddenly’ (implied it is sudden, it is not a given) an investigation 4 years later, one that seems to have been activated as the Americans pull away, which beckons the question why the CPS waited for the American parts in the first place.

 

Leave a comment

Filed under Finance, Law, Media, Politics