Press regulation deal struck by parties in UK

A deal has been struck between the three main political parties on a new press regulation regime in the wake of the phone-hacking scandal. An independent regulator will be set up by royal charter with powers to impose million pound fines on, and demand upfront apologies from, publishers. The prime minister has outlined to MPs the scope of the formal document, which will set out the regulator's powers. Press reform campaign group Hacked Off has welcomed the deal. But the major newspapers have yet to respond to the details.