Press Regulation: Le Petit Déjeuner Du Chien

The Royal Charter on press regulation is a mess, and an assault on the freedom of the press, cooked up in a hurry by politicians and the increasingly dodgy looking Hacked Off campaign.
It's all ever-so confusing though.
Perhaps it's meant to be? 
Fagburn has got nothing original to say on this cavalcade of nonsense, but the best explanation of why it is was this article by Private Eye's Francis Wheen in The Independent.
If The US Constitution And Karl Marx Can Agree On A Free Press, Why Can't We? 

Update: See also Mick Hume in Press Gazette on how the charter is a victory for state control and a defeat for press freedom.