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| Press regulation: Main parties agree deal | Press regulation: Main parties agree deal |
| (35 minutes later) | |
| The three main political parties have agreed a deal on press regulation. | The three main political parties have agreed a deal on press regulation. |
| It follows months of wrangling since Sir Brian Leveson published his report into the ethics and practices of the press. | It follows months of wrangling since Sir Brian Leveson published his report into the ethics and practices of the press. |
| The new system of arbitration proposes charging those who want to take action against newspapers. | The new system of arbitration proposes charging those who want to take action against newspapers. |
| BBC political correspondent Ross Hawkins said the agreed draft could become a formal Royal Charter by the end of October. | BBC political correspondent Ross Hawkins said the agreed draft could become a formal Royal Charter by the end of October. |
| Some newspapers have proposed their own, rival system of self-regulation. | Some newspapers have proposed their own, rival system of self-regulation. |
| "This is the moment of truth really for the newspaper industry," said media commentator Stuart Purviss. | |
| "They're either going to have to decide to live with it and work under this kind of Royal Charter or they're going to have to walk away from the process and say look you, Parliament, do what you like but we're going to set up your own regulator. | |
| "We're not going play by your rules but we're going to get on with it and we believe that the version that we come up will satisfy what most people want." | |
| Campaigners said changes to the draft proposals meant there was no reason for the press to refuse to back the charter. | |
| "The way is now open to create a system of independent, effective press self-regulation that will benefit the public and poses no threat whatever to freedom of expression," said Brian Cathcart from the Hacked Off group. | |
| Sir Brian's inquiry was set-up following public and political anger at phone-hacking, which culminated in the emergence that the now defunct News of the World had accessed the voicemail messages of murdered teenager Milly Dowler. | Sir Brian's inquiry was set-up following public and political anger at phone-hacking, which culminated in the emergence that the now defunct News of the World had accessed the voicemail messages of murdered teenager Milly Dowler. |
| The agreement came as a result of talks between Culture Secretary Maria Miller, Labour's deputy leader Harriet Harman and Liberal Democrat Lord Wallace. | |
| It will be put to the Privy Council for final agreement on 30 October. | |
| Under the proposals the newspaper industry would draw up a code of conduct for editors, which would be approved by an independent regulator. |