So why do we need more regulation of the Press? Our Press is regulated very nicely, thank you.
In fact over-regulated. Our libel laws are a disgrace. They allow those with access to expensive lawyers (including foreigners) to shut down discussion of anything they don't want discussed. Currently they're stopping us from talking openly about elite paedophile rings. We're allowed to chew the bones of dead abusers like Jimmy Savile and Cyril Smith but can't go anywhere near the live ones.
Thank God for the Internet.