Private Treaties harm fair, unbiased news: SEBI
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P. Sainath JUNE 19, 2010 02:22 IST UPDATED: DECEMBER 15, 2016 22:54 IST
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SEBI had written to the Press Council of India a year ago that biased and imbalanced reporting may lead to inaccurate perceptions of the companies which are the beneficiaries of private treaties.
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There is indeed a vital link between paid news and private treaties. One is in the political sphere . And, second, in the sphere of business and commerce.
While the draft of the Press Council of India's yet-to-be released report on the 'Paid News' scandal links that trend to earlier devices like 'Private Treaties' and Medianet, the Securities & Exchange Board of India (SEBI) had already written to the PCI a year ago, warning of the possible outcome of Private Treaties. Interestingly, the letter was from the Officer on Special Duty of SEBI's Integrated Surveillance Department.
The SEBI letter warned that "Private Treaties may lead to commercialisation of news reports since the same would be based on the subscription and advertising agreement entered into between the Media group and the company. Biased and imbalanced reporting may lead to inaccurate perceptions of the companies which are the beneficiaries of such private treaties."
[https://www.thehindu.com/opinion/columns/sainath/Private-Treaties-harm-fair-unbiased-news-SEBI/article16260759.ece]
Complete original report is accessible from here: http://www.indiatogether.org/uploads/document/document_upload/2146/PCIsc-intro.pdf