If the press agrees a new form of self-regulation, perhaps contractually binding this time, we will happily take part.
But we would not sign up to anything enforced by government. If such a group is constituted we will not attend its meetings, pay its fines nor heed its menaces. We would still obey the (other) laws of the land.
But to join any scheme which subordinates press to parliament would be a betrayal of what this paper has stood for since its inception in 1828.
The Spectator magazine was fined £3,000 and ordered to pay £2,000 compensation to the parents of black teenager Stephen Lawrence after admitting breaching a court order during the trial of two men accused of Stephen's murder.
The Spectator magazine editor Fraser Nelson has told ITV News that they will "not be contesting" the decision from the CPS to charge the magazine with contempt of court over an article Rod Liddle wrote on Stephen Lawrence's killers.
We apologised in court for this article in November, which we accept transgressed the reporting restrictions then in place.
The judge accepted our apology and we will not be contesting the decision.
The Crown Prosecution Service has today (9 May 2011) informed the publishers of The Spectator magazine of our decision to charge them with an offence under Section 83 of the Criminal Justice Act 2003, in relation to an article by Rod Liddle about the recent Stephen Lawrence trial.
On 24 November 2011 the Attorney General referred an article published in The Spectator magazine to the Crown Prosecution Service for consideration of whether a reporting restrictions Order in place at the time had been breached.
The article in question was dated 19 November 2011 and came during the trial of Gary Dobson and David Norris who were accused, and subsequently convicted, of the murder of Stephen Lawrence.