Description of company or subsidiary undertaking

3.—(1) Any company or subsidiary undertaking whose ordinary course of business includes, or is proposed to include, the preparation, publication or dissemination to the public, or any part of the public, of material relating to news, and to public and political affairs and events, and to views, opinion and comment on the news and on public and political affairs and events.

(2) For the purposes of paragraph (1) above it is to be irrelevant—

(a)by which means or modes the material described in that paragraph is to be prepared, published or disseminated; or

(b)where the public, or any part of the public, to which such material is published or disseminated, is located or the identity or description of the public or any part of it.