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Not that the House Of Lords has any direct jurisdiction over the broadcaster, but Trinity Mirror (LSE: TNI) CEO Sly Bailey had only negative things to say to its communications committee about the BBC’s plans to launch 60 hyperlocal news sites (via Journalism.co.uk): “Our business in this area, as every other publisher’s, is very fragile, embryonic. The business models aren’t clear and we are all making investments. We must not allow the BBC to distort these embryonic markets. They … will distort those markets making it much more difficult for us to enter.