Telegraph’s Peter Oborne resigns, saying HSBC coverage a ‘fraud on readers’ | Media | The Guardian
The Daily Telegraph’s chief political commentator has resigned and launched a blistering attack on the paper’s management and owners over its lack of coverage of the HSBC tax story, which he described as a “fraud on its readers”.
Peter Oborne, associate editor of the Spectator and a familiar face on Channel 4 Dispatches documentaries, claimed the paper deliberately suppressed stories about the banking giant, including last week’s revelations that its Swiss subsidiary helped wealthy customers dodge taxes and conceal millions of dollars in assets, in order to keep its valuable advertising account.
He said it was a “most sinister development” at the broadsheet title, which he described as “the most important conservative-leaning newspaper in Britain”, but where he alleged the traditional distinction between the advertising and editorial departments had collapsed.
Peter Oborne explains his departure in great detail here:
The past few years have seen the rise of shadowy executives who determine what truths can and what truths can’t be conveyed across the mainstream media. The criminality of News International newspapers during the phone hacking years was a particularly grotesque example of this wholly malign phenomenon. All the newspaper groups, bar the magnificent exception of the Guardian, maintained a culture of omerta around phone-hacking, even if (like the Telegraph) they had not themselves been involved. One of the consequences of this conspiracy of silence was the appointment of Andy Coulson, who has since been jailed and now faces further charges of perjury, as director of communications in 10 Downing Street.
Every nation’s regulatory agencies must drive money-changing moguls out of the temple of journalism … crony capitalism and a free press are completely incompatible.