Trinity Mirror, the publisher of the Daily Mirror, has launched a review of its editorial controls and procedures amid investor anxiety that phone-hacking allegations could spread beyond the now-defunct News of the World, the Financial Times reports today.
“We have to check whether any regulations and controls are dysfunctional and whether bad practice has set in,” said a senior Trinity employee, who declined to be named. “We also need ... to ensure that the provenance of stories is understood at senior editorial levels.”
Trinity saw its shares fall 9.8 per cent on Monday over deepening concern among investors that the phone-hacking scandal that has ripped through Rupert Murdoch’s News International was not isolated to one newspaper group.
According to the Financial Times, "Paul Vickers, Trinity’s group legal director, will lead a six-week review encompassing all of the group’s national and regional papers, including the Daily Record, the Sunday Mirror and the People, and will report back to Trinity’s board in mid-September."