26 Nov 2012
| by Ben Bold
A series of ads warning that state-imposed regulation of the press would mark an end to the freedom of the press has the backing of the press ahead of Lord Justice Leveson's anticipated recommendations on Thursday (29 November).
Lord Hunt, chairman of the embattled Press Complaints Commission, does not believe advertisers should be required to play a lead role in ensuring all major newspaper and magazine publishers agree to be governed by the industry body in the future.
Vince Cable, the business secretary stripped of handling News Corporation's bid to buy BSkyB amid doubts about his impartiality, has admitted to feeling "vindicated" as successor Jeremy Hunt faces public ridicule for his perceived handling of the process.
Lord Hunt, chairman of the Press Complaints Commission (PCC), has welcomed calls for media reform in the privacy report from MPs and peers this week, and reiterated his belief that statutory regulation should be "a last resort".
Ofcom has set up a dedicated team to investigate BSkyB's status as a "fit and proper" owner of a broadcasting licence, in light of the conduct of its 39.1% shareholder News Corporation and chairman James Murdoch.