British inquiry calls for law to underpin press body

[Kelvin Mace]

2. I have a major problem

with a regulated press, especially in the absences of a regulated banking industry.

There should be broad anti-fraud, privacy and extortion statutes that apply to ALL corporations (including the media) that are zealously enforced.

Step one would be that NO corporation may control more than 20% of any industry. If you own newspapers, not only may you not own more than 20% of all newspapers in the country you may not own any other media business.