Who does the regulating? All of the obvious bodies – police, parliament and so on – haven’t exactly shown themselves to be whiter than white in the last year or so.  Newspapers are at least accountable to their readers and it is worth noting that exactly the kinds of stories now under the spotlight are the ones that prove the most popular. Further they already work within a legal framework and are accountable to the courts when they break laws governing libel, privacy or theft of information.  When we look at the possible candidates for overseeing the media, the line-up is fairly unimpressive and all have an obvious self-interest: MP’s expenses scandal was revealed by journalists, corruption and incompetence (as well as racism previously) at the Metropolitan Police was uncovered by journalists. That would only leave them accountable to the courts, which they already are, or a regulatory body comprising other papers and the public, which they already are.