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J Kaufman	Post subject: Decline, fall o' the day Posted: Sat Oct 27, 2012 2:55 pm
Joined: Mon Nov 14, 2005 3:47 pm Posts: 4655 Location: New York City	Quote: Lord Black[*] of Brentwood, the chairman of the Press Standards Board of Finance, said Britain could put in place within three months the toughest system of self-regulation in the free world. Speaking to peers on Thursday, Lord Black, who is also executive director of Telegraph Media Group, said a state-regulated system could take more than three years to establish. [Telegraph] [*] No, not Baron Black of Crossharbour. How tough? Quote: With the support of much of the newspaper industry, the PCC chair, Lord Hunt, has proposed a new system of regulation legally underpinned through enforceable commercial contracts. "Each publisher would be required to sign a contract with the regulator which will be enforceable through the civil law. "The contract would bind publications into the system and equip the new regulator with powers of enforcement, effectively compelling co-operation with the regulator by enabling it to sue for any contractual breaches," he said. Black spoke of fines of up to £1m. [Guardian]
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