The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

No, frankly I can't provide an easy answer. Well, the easy answer is to say: therefore, just remove politicians from the decision-making together. I've given the reasons why I personally am not persuaded of that. And I have to say I don't -- I wouldn't -- I personally would not assume that this is just a one-off. I think if you just step back for a minute and look at the sector, the press sector, this is a sector that's going to go through huge change in the coming years. The printed press is based on a business model that is, I think Jeremy Hunt quite rightly said here in this Inquiry, dying on its feet. One of the reasons why you have this hyperbolic shrill tone in so much of our printed press is that you have a huge amount of competition all fighting for a diminishing pool of readers and customers. And they're going to thrash around against each other in ever more sort of ferocious terms.

Then, of course, you have other media which are becoming ever more important, particularly for the younger generation. You know, my children, I doubt very much they'll ever feel the ink and print of a newspaper in their hands. So you'll then get quite understandably a real attempt for media groups who haven't yet done so to move into that area, so I think there's going to be a lot of churn across media, a lot of further controversial decisions. So I don't think we should comfort ourselves in thinking this is just a one-off.

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