The print media industry is facing up to a decline in print advertising.
And so it comes at last. Have you noticed yet? After 12 months and 378 testimonies, Lord Leveson is finally publishing his mammoth report today.
At stake: whether the press should regulate itself - the so-called system of self-regulation - through an independent regulator such as the PCC; or whether we need statutory regulation - that is, regulation ultimately run by the state (similar to other state regulators like Ofcom, which regulates the communications industry).
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