The directors will be concerned with the question whether the editor has brought the newspaper into disrepute

The directors will be concerned with the question whether the editor has brought the newspaper into disrepute. In front of these investigators, he is innocent until proved guilty. And very few prosecutions for insider trading succeed because absolute proof of what someone knew at the moment of dealing is almost impossible to obtain.The enquiry by the Press Complaints Commission will be wider in scope and may consider – at least, I hope it does – whether editors of national newspapers, responsible as they are for everything that appears in their publications, should be dealing in shares at all.But perhaps the crucial assessment will be the one that is conducted by The Mirror’s board. I was not aware of what they were publishing before I saw the first edition at 11.30pm that night.”Before evaluating this explanation, it is worth noting that the editor faces a number of examinations of his probity. We can take the Stock Exchange and the Department of Trade and Industry together. When first asked he said: “I never see the City column before the market shuts, the first I see of it is around 6.30pm to 7pm in the evening.” In a statement the next day, however, he stretched out the time span: “My purchase of the shares was made six hours before the City Slickers’ obtained their story from Viglen’s chief executive … On paper, Mr Morgan had made £20,000 in 24 hours.
The main line of Mr Morgan’s defence is that he had no idea that his City pages were pushing Viglen until after he had completed his transaction.

Guilty or not guilty? Piers Morgan, the editor of The Mirror, faces allegations that he engaged in insider dealing on the stock market, a criminal offence. On 17 January he bought £20,000 of shares in Alan Sugar’s company Viglen; the City pages of The Mirror recommended these shares to readers in the next day’s issue. The story was Viglen’s increasing involvement with the Internet Reacting to the tip, the shares doubled in value. The story was Viglen’s increasing involvement with the Internet Reacting to the tip, the shares doubled in value On paper, Mr Morgan had made £20,000 in 24 hours.

On 17 January he bought £20,000 of shares in Alan Sugar’s company Viglen; the City pages of The Mirror recommended these shares to readers in the next day’s issue. Guilty or not guilty? Piers Morgan, the editor of The Mirror, faces allegations that he engaged in insider dealing on the stock market, a criminal offence. With this philosophy, today’s young viewers will have a good reason to stick to the channels they grow up with, whatever the shape of the box.. Passion for ideas and for people with ideas must set the pace as the channel evolves.