I would be very interested to know which of the proposed new regulations contained within the Royal Charter would have blocked or prevented the press from publishing stories on MPs and their Expenses, or the investigation of the Thalidomide scandal, or the NHS hospital scandals.
The press would love everyone to think they are the noble defenders of truth, shining a spotlight into murky corners, and that these activities would be curtailed if we introduced tougher press regulation into this country - but that is disingenuous.
All the stories you mention, AoG ,would have been covered by a Public Interest Defence.The Telegraph had the Public Interest defence when it broke the law and published the MPs expense claims.
On the other hand, a more strict Press Regulatory Body, its legitimacy protected by statute, and capable of imposing 6 figure fines, might make them think twice before hacking the mobile phones of murder victims, or printing stories and speculations about someone like Chris Jeffries, later found innocent of any involvement in the death Joanna Yeates, or just plain making any old rubbish up as they currently do.
And a complaints commission that can force papers to print retractions on the front page if necessary is to be welcomed also.....