Johnston Press: Administration Debate
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Lord Field of Birkenhead
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Johnston Press: Administration
Lord Field of Birkenhead Excerpts(5 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Jeremy Wright
Yes, I agree with my hon. Friend. As I have said, the online presence of different kinds of news and different kinds of advertising is a structural challenge to the way in which local papers are operating. That is precisely why we have asked Dame Frances Cairncross to do what she is doing, and I very much look forward to hearing what she has to say.
Frank Field (Birkenhead) (Ind)
Is the Secretary of State happy with the policy that is developing of companies running up a white flag, dipping into administration and then very quickly reappearing minus their pension duties?
Jeremy Wright
No, if that is the intention I am certainly not happy. The right hon. Gentleman will know that the PPF and the regulator will need to look at this transaction and decide what they make of it, and there may come a time when I need to do so too. We will wait first for the PPF and the regulator to make their judgments.