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Labour calls for amendments to media takeover rules

August 30th, 2011Posted by in Business, Politics

Labour is calling for an “emergency” amendment to the law in relation to media takeovers to give ministers greater power to intervene, following News Corporation’s bid for BSkyB.

According to an announcement by the party on Sunday (28 August) it hopes to “close legal loopholes” identified during News Corporation’s bid for BSkyB, before the conclusion of the Leveson inquiry. News Corporation eventually withdrew its bid as phone hacking allegations continued to be mounted against its now-closed News of the World title.

Under the proposed amendments to Section 58 of the Enterprise Act 2002, outlined by shadow culture secretary Ivan Lewis in a letter to culture secretary Jeremy Hunt and Liberal Democrat MP Don Foster, ministers would be given powers to ask regulators to apply “a wide ranging public interest test as well as a fit and proper person test”, from the start.

The changes also call for ministers to be able to intervene at any stage “if new information came to light”. Lewis will put these proposed measures before both the House of Commons and House of Lords when the summer recess ends in less than a week.

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