Member

If we back the amendment in the name of the noble Lord, Lord Fox, and block these regulations, we will condemn traditional British news brands, newspapers and magazines and their websites to terminal decline, by cutting off a vital source of investment and subjecting them to a burdensome investment regime—from which their global digital counterparts are spared—hobbling their ability to compete. I do not believe that is what anyone in this House really wants, but it is what would happen if we simply turn our back on the raw, harsh realities of the media market.