The main mass circulation UK newspapers have set up IPSO to regulate themselves. Everyone else wants something independent of the newspapers to regulate the industry. The main alternative proposal is Impress, supported by Max Mosley and the Rowntree Trust.
The newspapers say that if anyone else controls them it could mean the end of press freedom – something crucial to a functioning democracy.
But they should not pretend that they can regulate themselves. The conflict of interest is obvious and fatal. It is to the credit of the Financial Times, Independent and Guardian that they will not join IPSO. However the Financial times and Guardian are trying to regulate themselves directly through a private complaints system. That doesn’t really help.
If the press want any kind of public respect, the onus is on them either to join Impress – or come up with something better.