The Government is to delay the presentation of its proposed Royal Charter to underpin a new system of press regulation to the Privy Council.
The charter had been due to be presented to the Queen by the Lord President of the Privy Council, Deputy Prime Minister Nick Clegg, for approval on May 15.
However, Downing Street said last night that it had been put back in order to give more time for consideration of an alternative charter put forward by the industry.
The move was welcomed by the Newspaper Society, representing the industry.
But the Hacked Off campaign said only the Government version would meet the requirements of the Leveson Report on press standards.
The alternative version - which has the support of most national, regional and local newspapers - is currently open for comment on the Privy Council website until May 23.