UK media watchdog to shut down

http://www.guardian.co.uk/media/2012/mar/08/press-complaints-commission-close-phone-hacking

The Press Complaints Commission is to be shut down after 21 years, closing one of the most controversial chapters in the history of self regulation of the UK newspaper industry.

The watchdog, which was fatally wounded by its response to the phone-hacking scandal, has confirmed that it will formally close and be replaced with a transitional body which will take charge of press regulation until a new system is set up in the wake of the Leveson inquiry.