Tough new Press watchdog set up in wake of Leveson Inquiry prepares for launch within months

  • Independent Press Standards Organisation is set to launch early next year
  • New watchdog will have the power to impose tough fines up to £1million

By Michael Seamark

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Regulator: A new Press watchdog is being set up as a result of the Leveson Inquiry

Regulator: A new Press watchdog is being set up as a result of the Leveson Inquiry

The tough new Press watchdog could be up and running in a matter of months after ‘very significant progress’ in setting up the regulator, it emerged yesterday.

The newspaper industry is close to sending out contracts that will establish the Independent Press Standards Organisation and aims to have it launched in the early part of next year.

Britain’s 200-plus newspaper and magazine publishers outlined details of the proposed watchdog two months ago, following the Leveson Inquiry into media standards.

It will have far tougher rules than the previous regulator, the Press Complaints Commission. The watchdog will have the power to impose fines of up to £1million for systemic wrongdoing and can require editors to publish up-front corrections ‘whether editors like it or not’.

Ipso will include a standards and compliance arm, with investigative powers to call editors to account.

A majority of its members at all levels will be independent and there will be no industry veto on appointments to the body.

Newspaper publishers say Ipso will be a ‘complete break with the past’ and will deliver all the ‘key recommendations’ made by Lord Justice Leveson.

Paul Vickers, chairman of the industry implementation group – which includes representatives from across the national, regional, periodical and Scottish Press – said the group met this week to finalise the legal and contractual documentation that will establish the new press regulator.

He added: ‘Very significant progress has been made.

 

‘A number of suggestions, both from  publishers and from other parties, have  been incorporated and the four key documents will shortly be ready for a final  consultation across the newspaper and magazine industry.

'Work is also well under way on the financing arrangements for Ipso, and the foundation group, under the chairmanship of Lord Phillips of Worth Matravers, is undertaking the task of selecting an independent appointments panel to appoint the first board.

‘We hope that we will therefore be in a position to begin signing contracts that will establish Ipso during late September and October, with a view to implementation of the new regulatory system, fully compliant with the Leveson principles, in the early part of the new year.’

The comments below have been moderated in advance.

The people with the money say you will not hear the truth EVER if this is allowed to happen

Click to rate     Rating   56

MORE JOBS FOR THE NO HOPERS

Click to rate     Rating   33

SO WHAT ARE THEY GOING TO CALL THIS BODY -- THE COVER UP KINGS the ones who stop the people at the top from having their wrongdoings published.

Click to rate     Rating   67

Why do the press need a regulator, for the reasons it was set up the law covers anything they can enforce.. There goes one more essential British right, the right to a free press.

Click to rate     Rating   24

This is just to protect the rich we are letting justice slip through our fingers - we are stupid!

Click to rate     Rating   54

A committee setup by the press to regulate themselves, no change then!

Click to rate     Rating   23

The beginning of the end of the free press.

Click to rate     Rating   21

I cant wait... DM... know what I mean?

Click to rate     Rating   18

Freedom dies - Bit by bit: little by little. The UK is truly becoming an exceptionally illiberal and intolerant place.

Click to rate     Rating   31

This product of judicial legislation is a good argument for separation of powers.

Click to rate     Rating   8
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