Labour vows to protect media plurality and implement Leveson proposals
If Ed Milliband gets elected, he will but a stop to large business owning the media. The labour part do not want people like Rupret Murdoch and News Corp to own most of the media, giving them an advantage of getting their views across and making the most profit from the media. They will be setting a cap of 34% This means that News Corp will have to get rid of one of their products. This challenges Pareto's law as it now can mean that more companies can make more profit and it leads to more competition in the media industry.
“We made a promise to victims of the phone-hacking scandal. We stand by that promise and will keep it.” Due to the phone hacking scandal, labour wants to protect people from that happening again, and in order for them to do so, they think they should cut out the monopolies in the media.
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