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MAR 18, 2013 - The Guardian

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Newspapers bridle at 'historic' deal on press regulation

Protests from industry as David Cameron, Nick Clegg and Ed Miliband agree to create powerful regulator in late-night talksA shellshocked newspaper industry was struggling to come to terms with a sudden all-party agreement to create a powerful new press regulator designed to prevent a repeat of the phone-hacking scandal.The independent regulator will have powers to impose fines and demand prominent corrections, and courts will be allowed to impose exemplary damages on newspapers that fail to join the body.All three party leaders hailed the "historic" deal, sealed in extraordinary late-night ... Read More

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