But the point is the Press Complaints Commission code applies to all newspapers, irrespective of what part of the market they're in. The law is applied to the newspapers, whichever part of the market they're in.
I think the question to me that your question raises is: is it possible to have good popular journalism? Ian's already mentioned Cudlipp and people like that. Once upon a time the term "tabloid" was not a dirty word and in my view it shouldn't be a dirty word. Some of the best popular journalism in my view in this country was to be found on ITV in the 1970s and 1980s in programmes like World in Action and This Week, and the Mirror certainly of the 1960s was a remarkably fine popular newspaper.