The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

Yes and no. I wouldn't agree in the sense that incentives and compulsion both imply that you've got a reluctant media here that you're trying to draw in.

I would rather say, if we can establish a framework that you want to be in, and that the most significant sanction could be to be either temporarily or even permanently suspended from, that's changing the rules of the game in terms of what regulation is about.

And that's where, I thinks, there's a difference in terms of incentives. Because you're not cajoling. You are offering this in a platform-neutral way, as it were, to anybody would wants to sit within the regulatory fold.

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