October 26 2014 Latest news:
Joseph Watts, Political editor
Thursday, November 29, 2012
It seems that faced with an incredibly difficult balancing act, Lord Leveson has done quite a decent job.
But that in part is down to the fact that, despite his report being 2,000 pages long, some of the thorniest parts of this issue have been left to politicians and the press to deal with themselves.
The drafting of the legislation that underpins the system of regulation, will be bitterly debated between the main parties, with each bidding to make whatever comes out seem like a victory for themselves.
With Leveson having said there is “no compelling evidence” to cap media ownership, Ed Miliband will have to find his victory elsewhere.
On the regulatory system itself, there is no doubt that it will be a much tighter system of control for the press, but it could have been much worse.
Crucially whatever body there is does not have the power to stop journalists printing something; that leaves the critical judgement on whether a story is justifiable to the press itself.
If they print and get it wrong they will face stronger and faster sanctions, but the judgement is still their’s.
More to come as the day goes on.