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The Guardian - UK
The Guardian - UK
Business
Peter Preston

Financial Times will now have Rising Sun ethics

Financial Times
Under new ownership - with a promise of 'moderation and good sense'. Photograph: Getty

The FT has not joined the Independent Press Standards Organisation, or its rival Impress project; it is doing its own regulation thing. And it’s worth pausing over that decision as the Pink One becomes a Rising Sun under Nikkei ownership. Why should a “multi-channel, digital-first news organisation” (the official self description) worry about British royal charters and attendant pressures?

Answer: it shouldn’t – and won’t. The Nikkei and other papers in the takeover group belong to Nihon Shinbun Kyokai (the national editors and publishers association). That runs total self-regulation, monitored in-house according to various “canons” of conduct, including one that says “member papers should maintain decency both editorially and in the area of advertising; and in their circulation practices they should at all times exercise moderation and good sense”. Doesn’t leave much for rampaging MPs to growl about.

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