Lord Justice Leveson's proposal that the UK press should have a regulator underpinned by statute has split the governing coalition, with Prime Minister David Cameron wanting the press to get its own house in order. But has the industry drunk in the last chance saloon? The FT's Leveson expert Ben Fenton and chief media correspondent Rob Budden discuss the Leveson report and in what form its recommendations may be implemented, if any.
Produced by Seb Morton-Clark, Veronica Kan-Dapaah and Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald. Additional footage: Reuters.