Leveson partII and forcing membership of Impress upon pain of the media having to pay all the costs of a court case, win or lose, would have so hampered investigative journalism so as to make it impossible to tell us about the misdemeaners or hypocracy of the rich and powerful like the current £1/2m scandal involving Max Mosely and Tom Watson.
A newtered press would do nobody any favours.
Be reminded that AFAIK NO successful convictions of journalists were secured in the wake of the hacking scandal and closure of News of the World. (Ref
This post:)
Phone hacking, wire taps etc. are already covered by other legislation which could of course be tightened up.
The likes of Hacked off would love to be able to contunue their sordid little liaisons without the public being aware of it, whilst preaching morality.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada