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

I think I understand, and I think with respect to the plurality piece, I would simply say that the first part of protecting plurality or supporting plurality is being crisp around what plurality might be sufficient, because otherwise you would simply have the ability of a regulatory body to intervene at any stage, if they thought that -- you know, if -- let's say we have ten newspapers and one newspaper goes out of business. They could say there's been a deficiency in plurality, so we're going to go and do something and intervene to fix that, whereas the real question is: what is the state of affairs where there is a sufficiency of plurality? When we engaged on this plurality argument twice, both with respect to the acquisition after minority interest in ITV and then in the question of the acquisition of the balance of shares in British Sky Broadcasting, one of the problems was achieving a state where we agreed that when the Enterprise Act was done in 2002 or 2003, when this was said, that by inference plurality was sufficient at that time, so the question becomes: what has happened to plurality in the intervening years and what is a tolerable decrease in plurality that could result from business performance, from mergers and acquisitions and the like?

So I think the baseline is the key thing to understand with respect to sufficiency, because then it will become a much, much more predictable and straightforward and, frankly, light-touch environment with respect to understanding what's expected and what's good for the country.

With respect to freedom of the press, we touched on that a little bit earlier, and with respect to independence from government, I think we have a very independent press. They're not necessarily -- you know, they're dependent on other things, some of them, but it's a -- but I don't think there's a lot of dependency on government, and I think that's a credit to it.

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