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

Yes, and certainly the newspapers which have found it easiest to start to monetise their product are those which have something of special or unique value which their target audience is prepared to pay for. It's harder for general interest newspapers to persuade consumers that it's worth paying for something which they can find a lot of free of charge elsewhere on the Internet.

I think, if I may, the point that I was making at the end of all of this was that because of these economic uncertainties, I think it is sensible and appropriate to take a relatively cautious approach in thinking about new caps or ceilings on ownership in the news media market for the very reason that we just don't know what the -- how those economic forces are going to develop.

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