Giving the James MacTaggart Memorial Lecture at the MediaGuardian Ediburgh International Television Festival 2012, Rupert Murdoch’s second daughter, Elisabeth Murdoch, put a significant distance between herself and her brother, James Murdoch, and also News Corporation, which she criticised for operating without ‘a rigorous set of values based on an explicit statement of purpose’. Among other things, she set out her vision of media leadership, praised the BBC, and had interesting things to say about television coverage of the London Olympics. Stating that ‘profit without purpose is a recipe for disaster’ and that ‘the absence of purpose’ could be ‘one of the most dangerous own goals for capitalism and for freedom’, she asked people ‘to reject the idea that money is the only effective measure of all things or that the free market is the only sorting mechanism’. With reference to the Leveson Inquiry into the Culture, Practice and Ethics of the Press (http://www.levesoninquiry.org.uk), she observed that ‘an unsettling dearth of integrity across so many of our institutions’ meant that it was ‘very difficult to argue for the right outcome, which must be the fierce protection of a free press and light touch media regulation’.
Text of Elizabeth Murdoch’s James MacTaggart Memorial Lecture at the Edinburgh Television Festival 2012: http://www.guardian.co.uk/media/interactive/2012/aug/23/elisabeth-murdoch-mactaggart-lecture