U.K. Government Airs Watered-Down Proposal for Press Regulation
Prime Minister David Cameron rejected Lord Justice Leveson's recommendation, backed by Labour and the Lib Dems, that a new system be underpinned by statute.
The draft charter proposes setting up a "recognition panel" to ensure the new press regulator does its job properly.
The Tories say its plans mean legislation is not required.
Cross-party talks on how the Leveson report should be implemented failed to reach agreement.
Source: BBC. Read full article. (link)
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