There are forms of -- if you take at one end of the scale state regulation, and you take at the other end of the scale no -- well, self-regulation, there are various gradations in between, including what some might call co-regulation, which would be regulation by -- say a panel that both be comprised of partly journalists but partly also non-journalists, experts in the field, professors of journalism, who would draw up a Code of Ethics and would apply it with proper sanctions, meaningful sanctions, either financial or in terms of apologies, but which would need -- and this is where it gets interesting. To have any teeth and to be meaningful, it would have to have, right at the back, as a backstop, some kind of regulation. Otherwise it would be easy, for instance, for the Express Group, as they have done now, to walk-away from the PCC, and say, "We're not having any of that", or you could set up a new regulator who would find some appalling abuse by a paper and say, "You're fined £200,000", and they say, "We're not paying." Somewhere there has to be a little bit of statute right at the back to make it more meaningful. But there are people much more expert on this than me, and I'm sure you'll be calling them.