Cap on libel awards urged at media forum
Financial damages in libel cases should be capped as the viability of Irish media becomes a concern, an academic has said.
DCU lecturer Roddy Flynn also highlighted six high-profile acquisition deals done in Irish media over the last two years.
This includes Liberty Global's purchase of TV3 and UTV Ireland, Rupert Murodch's News Corp purchase of the Wireless radio group in Ireland which includes Q102, FM104 and 96FM and INM's bid to buy Celtic Media's five regional newspapers.
Dr Flynn said the last of these deals has been the only one to be subjected to greater scrutiny by the BAI and Minister for Communication.
He also said the introduction of a public-service media fund was "a no-brainer" to ensure public service content, regardless of the medium.
The second Newsocracy event, organised by the European Centre for Press & Media Freedom, saw international stakeholders, politicians, academics and journalists come together to discuss obstacles facing journalists today.
It came as the Social Democrats brought forward their Media Ownership Bill to the first stage in the Dáil.
Deputy Catherine Murphy, who also spoke at the Newsocracy event, pointed out that press freedom has come to the fore internationally as people "begin realise the dangers of 'fake news' and 'alternative facts'.