Lord Justice Leveson has proposed for the first time in 300 years that the country's press should be controlled by a self-regulating body which is validated by a statutory regulator.
The regulator he suggests exists already. Ofcom overseas broadcasters and will now be asked to approve the self-regulatory body for the press, which the Leveson report says must be truly independent of the industry.
If the press refuse to join, Lord Justice Leveson says an option would be for Ofcom to have direct oversight. That is not a recommendation. But a suggested option for a way forward.
Lord Justice Leveson says a genuinely independent and effective system of self-regulation is needed.
First snapshot of Lord Justice Leveson's Inquiry into the Culture, Practices and Ethics of the Press.
Nick Clegg sources say it is inevitable there will be differences between his response to the Leveson report and the Prime Minister's.