“A reconstituted Press Complaints Commission should be subject to oversight by the broadcasting watchdog Ofcom if the press cannot agree a credible package of reforms, a special cross-party committee of MPs and peers set up by the prime minister will recommend in the next few days. The recommendation – a brush with statutory regulation for the first time in over 300 years – is understood to be one of the recommendations agreed on Monday at a stormy final session of parliament’s privacy and injunctions committee, a joint Commons and Lords body created by David Cameron just over a year ago.”
The Guardian, 15th March 2012
Source: www.guardian.co.uk
