Journalist resigns in HSBC protest
The chief political commentator of the 'Daily Telegraph' has resigned from the UK paper, accusing it of a "form of fraud on its readers" for its coverage of HSBC and its Swiss tax-dodging scandal.
Peter Oborne claimed the paper did not give due prominence to the HSBC story because of commercial interests. He said that newspapers had a "constitutional duty" to tell readers the truth, he said.
But the 'Telegraph' alled Oborne's statement an "astonishing and unfounded attack, full of inaccuracy and innuendo".
In a statement published on the OpenDemocracy website, Mr Oborne said he had already resigned from the paper "as a matter of conscience" because of a number of its editorial decisions.
Amongst responses from journalists and news executives it's described as "eye-popping", "stunning", "explosive", and by professor Jay Rosen at New York University, "one of the most important things a journalist has written about journalism lately". The paper was accused of a "sinister" betrayal of its readers.
Stories about HSBC, Tesco and China are said to be placed or sidelined for commercial reasons.
Mr Oborne claimed that "shadowy" executives were interfering on an "industrial scale" with basic news coverage.
He said he had intended to "leave quietly" until he saw the paper's coverage of HSBC and its Swiss banking arm.