It was not too long ago, that we heard all manner of harsh words and political contemplations on those bad bad bad press folks. All those phone hackers!
And yes, it did not take too long for parties to react and a long investigation started. It resulted in a report by the Honourable Lord Justice Leveson spanning around 2000 pages, making it a bigger work then the Lord of the Rings; yet, I guarantee it, not as entertaining to read. Many seem to agree with me. The issue however, is not the entertainment, but it was a serious look at the visibly failing ethicality of the press and it’s ‘assistants’.
Yet, it seems that the views from that report will be largely ignored. We await the release of a Royal charter for PRESS regulations in the coming week. So, how do we feel about this? The Guardian reported on the possible compromise by Labour. No matter where you stand as Labour, Tory or Independent. It is clear that there is a high issue. The PM mentioned the dangers on infringing free speech. Whether we see this as a compromise towards the press, or the ideological view is OUR view, and the view of the PM. We all fear dangers and threats to free speech and history proved that this fear is rightly so.
The issue more than team Murdoch getting caught with their fingers in the bugging cookie jar. It is about the standard and ethics of the journo’s that is the question. The evidence seems clear and overwhelming that as their papers need revenue to keep value, some were eager for money (read income) and had not too many issues throwing ethics straight into the Thames and have a free for all.
The questions then becomes, is the PM correct and should the charter suffice, OR is his honour correct and the need for legislation becomes paramount. His deputy Nick Clegg has been outspoken on the side of the Leveson report, and as such it is that the top players do not see eye to eye on this matter.
The question is whether it is a clear eye to eye, or that the involved parties (read people of the press) have lost the credibility and trust to continue the way they currently are. The issue we should not forget is that the true core of the press is a lot larger that most of us realise and most of them work hard, they keep ethics high and get published. Some break our hearts, dent our faith and crush our strength with the facts they report. So the report gives us another view. Can we actually ignore it all? Is that not wrong to those who kept the banner of Journalism high? Legislation would ensure THEIR good handling.
The issue that the PM fairly raises is that legislation would be more complicated and create a vehicle for politicians in the future to impose regulation and obligations on the press. I would like to add to that, that this is only the tip of the iceberg. Even if I ignored the fear he voices on limiting freedom of the press down the road there is an actual impasse. We would all feel divided between the two sides. They are both fair sides.
What stopped me from hailing the move towards legislation is what i had been reading lately involving several economic issues. Could legislation be used as a shelter for economic manipulation? How long until these matters get intertwined and there is such lack of legal clarity that a hedge fund gets ‘misquoted’ and the blame is pushed unto the press with all the, messages of ‘oops’ and reference to an honest miscommunication.
This comes from the NY times 9th July 2012 “Bank Scandal Turns Spotlight to Regulators”
That belief, some regulators say, stemmed from a “miscommunication,” rather than instructions from Mr Tucker. The bank also never explicitly told regulators that it was reporting false interest rates that amounted to manipulation, according to regulatory documents.
So, if this was taken as truth, then we see here an example how media regulation would just complicate matter. What if ‘them’ is a financial reporter, or just anyone in the press picking up a nice piece of news? For that matter, if I got a $1 for every mention of miscommunication I heard over the last 20 years, and if that rule only applied to people who were senior manager of higher then I would buy an island like Guernsey (or the Falkland’s with an additional free Frigate).
From those sides, and views I would see that the PM (alas) has a point. On his side is also Adrian Jeakings, president of the UK Newspaper society. He too believes that the industry is capable of policing the press. That part I wish to oppose. You see, they will play nice, they will be quiet and humble and so on, but how long until the 1,000,000 pound fine will be diminished, because it will only hurt more then it will do good? How long until some of them will transgress to the point that they should be criminally charged? At that point a QC will come into the court mentioning ‘honest mistake’, ‘my client is truly sorry and remorseful’ and so on.
This prospect moves me straight back into Camp Leveson (to coin a phrase). There is no doubt. Some of us will go one way, some the other way. No matter how we feel, we are not indifferent.
Perhaps reading the Royal charter when released will help us to clear our heads and accept that charter, or push us into demanding legislation. I do know that we have not seen the end of this any day soon.