Tag Archives: Martin Lewis

BeatBlogging.Org: ‘UK news regulation stands in the way of newsroom convergence’

I’ve provided a guest post for BeatBlogging.org, the US-based site that looks at how to use social networks and other web tools to improve beat reporting. Using examples from various Journalism.co.uk pieces, I argue that it is very difficult to look towards coverged newsroom, under the hybrid regulatory systems with which we operate as UK-based publishers. Thoughts welcomed.

Read it in full over at the site. Here’s an extract:

We talk about converging newsrooms of the future that transcend boundaries between online, print and broadcast, but at a very fundamental level that process is impossible in the United Kingdom.

Martin Belam, information architect for the Guardian, recently emphasized that point in an interview with Journalism.co.uk:

“In a converged media landscape, it seems odd that [BBC’s] Robert Peston’s blog is regulated by the BBC Trust, [Channel 4’s] Jon Snow’s blog is regulated by Ofcom, and [the Guardian’s] Roy Greenslade’s blog is regulated by the PCC.”

Now, Martin was actually wrong on the Jon Snow point: Ofcom does not regulate any television Web sites at all. That is to say, the brands which must adhere to a strict code for television content are completely unregulated online. Ofcom advises consumers to make complaints about online content to their Internet service provider.

The BBC Trust regulates the BBC online; the Press Complaints Commission (PCC) regulates newspapers, magazines and their online content.

And Stephen Fry, who – at the time of writing — is nearing half a million followers on Twitter? Or Guido Fawkes (aka Paul Staines) who has a loyal readership to rival most newspaper commentators? Well, they govern themselves – unless the law gets involved.

When the traditional media sectors go online, they’re regulated by their various bodies, and the ‘online-onlys’ only have the courts to worry about. Press publications have a less strict code than broadcasters, but online, broadcasters have more freedom than the press – though they don’t seem to be exercising it.

In a nutshell, a financial commentator from a newspaper has greater freedom than a financial commentator from a broadcaster, and an independent online-only financial commentator has the greatest freedom of all.

What happens when a bank crashes? Channel 4 and ITV can theoretically report how they like – online. The BBC must always answer to the BBC Trust. The newspapers must comply with the PCC code. Martin Lewis, of the MoneySaving Expert can, if he so chooses, be a law unto himself.

Same news and it’s all online but in very different guises. We might think people know the difference, but do they?

Full post at this link…

Money Saving Expert’s Martin Lewis on ethical concerns with financial reporting

Speaking to students at Coventry University last Friday, via video link from BBC TV Centre, UK financial journalist and consumer champion, Martin Lewis of MoneySavingExpert.com, raised questions about the ethics of economic reporting, and called for specialist journalists to declare their bias prior to publication.

“I am an ‘agenda journalist’, my job is to support opportunism,” Lewis said. “I know that I am biased. My worry is that a lot of journalism is biased without necessarily claiming that it is biased,” he said.

Had it been Lewis himself who had got Robert Peston’s Northern Rock crisis scoop for the BBC in 2007, it would have raised ethical questions for him, he said. He would find ‘breaking a bank down difficult to live with,’ he said.

“It is an incredibly difficult question, because if you answer publicly that you are worried about one bank, you can cause the problems that you were talking about,” Lewis said.

The creator of MoneySavingExpert.com dismissed claims that financial journalists, particularly Peston, were becoming too powerful in the volatile economic climate, and said that stories had impact, but not overriding power in decisions made.

“Government has to follow the way the media is going to cover these stories, but ultimately, the people who are making the decisions are the lawyers, the people sitting in the Bank of England, at the FSA [Financial Services Authority] and in the cabinet,” he said.

Defending the future of financial journalism, Lewis claimed that there would always be a place for economic reporting, but that the significance of the reporting would depend on the methods used by the journalists involved.

“What we want is journalists who are questioning, but who also have to be respectful of the wider picture, and the impact that their journalism has on people,” he said.

The ‘money saving expert’ also insisted that journalists need an ‘ability to see both sides’ in order to avoid the potential pitfalls presented by a subject with such a large effect on so many people.