What’s next for HSBC scandal and media after Peter Oborne’s resignation

Peter Oborne, the Daily Telegraph’s chief political commentator, has resigned from the paper over its coverage of HSBC. He has used very harsh words towards the Daily Telegraph. So how do you see his resignation, could it have some bigger impact on British media, and maybe on HSBC scandal? Read few comments.

Robert G. Picard, Professor, Reuters Institute for the Study of Journalism, University of Oxford

The criticisms of The Telegraph make public the ethical challenge that all media can encounter when they become to protective of those who provide their financing and journalists are not fully independent or protected from those pressures. The resignation is unlikely to have broader impact on UK media or the HSBC scandal, but it certainly will not help how the public perceives the credibility of HSBC or The Telegraph.

Justin Lewis, Professor of Communication, Cardiff School of Journalism, Media and Cultural Studies, Cardiff University

Peter Oborne’s resignation raises troubling questions about our increasing dependence on advertising revenue – not just in news, but in all cultural forms. If we want our media to be truly independent we have to pay for that – rather than rely on subsidies from advertising, which, as this incident suggests, will always come at a price.

It is worth adding that the lack of coverage of the tax evasion story in some newspapers is not just a question  of advertising – many newspaper owners have no wish to shed light on the way in which big businesses avoid paying tax, because they are part of the same wealthy elite.

Brian CathcartProfessor in Journalism, Kingston University

Most of the mainstream press will react to Oborne’s resignation, and to the claims he has made, by using the very tactics he denounces. They will cover it up, failing to report it, or they will tell lies about him. Osborne is a maverick; he has taken stands in the past on issues most of his peers preferred to ignore, such as Islamophobia and phone hacking. I suspect that they will now portray him as a bit mad, eccentric, unpredictable. The implication being that his claims should not be taken seriously. But the case in relation to HSBC is so strong as to be obvious to most readers. The result, very simply, will not be any change in newspaper behaviour, but an even greater divorce between newspapers and the public. Trust is already at record low levels; it will get lower.

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