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Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: He got heard.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Has Dr. Mercille any examples of articles that were rejected and simply could not be published?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Is it Dr. Mercille's opinion that the mainstream media organisations which he examined have a corporate view on these issues and do not just see their role as reporting the news and providing fair and impartial analysis? Does he believe they are pursuing an agenda?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Is it Dr. Mercille's view that the commercial interests of the media organisations influenced their editorial policy?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Where is his evidence for this?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Why would it be in the media's commercial interests to advocate austerity?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: On page 1 of Dr. Mercille's opening statement he makes the point that private media entities and large corporations were embedded in a for-profit economic system and thus are part and parcel of the broader market economy, and he outlines the consequences as he sees it of this. What are the alternative economic systems to which he refers implicitly when he states they were embedded in a...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Specifically the issue of a for-profit economic system as opposed to what?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: They are called elections.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Mr. Browne is very welcome and I thank him for his time. Does he think that the newspapers provided adequate space for contrarian views in the lead-up to the crisis? Does he think the coverage properly reflected the balance of views that were in society in terms of property and housing?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Were contrarian voices knocking on the doors of the newspapers looking for space and coverage to articulate their views? Mr. Browne said he does not believe adequate expression was given to those contrarian views. Were they out there seeking an opportunity to be heard and were they not given the platform?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Does Mr. Browne think that the commercial interests media organisations had in the property sector through property advertisements influenced their editorial position?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: In his opening statement, Mr. Browne commented on the changing face of journalism and the pressures that are there now in terms of the emphasis on the volume of output and the speed of output given the strong online presence. To what extent does he believe that this takes away from the capacity of journalists to engage in critical analysis of stories and that the emphasis is on getting the...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: I welcome Mr. Murphy and Mr. Vaughan and I thank them for their time. I will start on the issue of the reliance of the Irish Examineron income from property related advertising. Mr. Murphy indicated 7% of the total revenues of the Irish Examinerwere accounted for by property related advertisements. I appreciate Mr. Murphy is not required to give us commercial data in that sense. However,...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Would it have varied much from the early 2000s up to the peak of 2006 or 2007?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: The witnesses that are to come from Independent News and Media, for example, have put on the record that of their total advertising revenue in 2002, approximately 11% was property related and that the figure increased up to approximately 17% in 2006. However, Mr. Murphy does not wish to go any further in respect of the Irish Examiner. Is that the case?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: That is fine. I am keen to discuss the issue of the Chinese wall between the editorial side and the commercial side. Mr. Vaughan gave a rather direct answer to Deputy O'Donnell to the effect that at no stage was there any interference from the commercial side on any editorial decision made on his side of the house. Is that the case?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: Mr. Vaughan has provided details of various articles and editorials that appeared in the Irish Examinerduring the years in question. These articles were to varying degrees critical of, questioned or contrary to the views that were popular at the time. Were Mr. Vaughan or Mr. Murphy ever contacted by anyone in government, for example, or any politician who made it known to them that such...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: They might raise issues about the balance of coverage. Is that it?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Michael McGrath: We will not go down that road today. We know that The Irish Timesbought myhome.ie, the property website, in 2006 for approximately €50 million. It was reported that a number of media organisations were involved in potentially buying it or negotiating for it. Was the Irish Examinerinvolved at the time? Was it interested in expanding into property related websites?

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