New press watchdog plans attacked by campaigners

Newspapers and magazines have begun to set up a new press watchdog in the wake of the phone hacking scandal - but have been instantly criticised by campaigners.

Plans for the Independent Press Standards Organisation, which will have the power to impose fines of up to £1m, will go out to consultation.

But Hacked Off, which represents some of the victims of phone hacking, claimed the move was a "cynical rebranding exercise" that showed the industry was "determined to hold on to the power to bully the public without facing any consequences".