Guardian editor: 'A bit of statute' is a price worth paying

Guardian editor Alan Rusbridger said "a bit of statute" was a price worth paying for an effective new system of regulation and that he believed the press could "live with most of" the Leveson proposals.

"I think about 80% of it is right and can be agreed on," he told the BBC Radio 4 Today programme.

Editor of the Guardian Alan Rusbridger arrives at the Leveson Inquiry in January. Credit: PA Wire

"It is right that is is open, that it is fair, that it's got sanctions, that it can investigate... that it's not picked from amongst the old cosy club.

"There are lots of things that are much better about the Leveson regulator than the one that existed before or the one that the press proposed."