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Cameron: 'Clock is ticking' on press regulation

David Cameron has told the press that "the clock is ticking" on press regulation.

He also warned newspaper editors that any new regulator had to meet the report's requirements.

That means million-pound fines, proper investigation of complaints, prominent apologies, a tough independent regulatory system.

And they know, because I told them, the clock is ticking for this to be sorted out.

– Prime Minister David Cameron