British Press Holds Its Breath As Findings Of Leveson Inquiry Published In Westminster

The 2,000-page report on press ethics may lead to a regulated press in Britain for the first time since 1695. It may also be the start of the break-up of the Murdoch empire. British journalism is crossing its fingers and holding its breath as it prepares for the findings of the Leveson Report, a judicial inquiry into the tabloid phone-hacking scandal that has rocked Great Britain. Although the scandal has mainly implicated News International, parent company of Rupert Murdoch's press interests in Britain, the findings will affect the future of every single newspaper and magazine that is printed in the U.K. Media watchers over here will be watching keenly, as the findings may well affect Murdoch's holdings in the U.S. British PM David Cameron had access to the 2,000 page report 24 hours ahead of the release and is to make a statement in Parliament at 3pm GMT today. The hearings, whic...