The Real Target Is The Internet

Clearly  press regulation  does not just hit large newspapers which, for the most part, simply spout the Narrative.
Now the principle of censorship and regulation has been established, eventually control will extend to anything that is written, either in a small local or specialist newspaper or on the internet.
Indeed the internet is the real target of Authority.
During the twentieth century there were not many sources of independent news and comment. When you are stuck in a small town, and the newspapers and magazines and distribution networks are all part of the state/corporate monopoly, it is difficult to find out what it is really going on. With Authority television re-enforcing the Narrative, and hourly 'news' bulletins on the radio, before the internet was invented it was not easy finding out what was going on.
But these days people read their news from many different sources.
The Leveson Inquiry is not really about embarrassing revelations concerning politicians and public figures, or the occasional tasteless intrusion on private grief. It is more to do with covering up the widespread corruption of the English Establishment, a system of monopoly and patronage and feathering your nest at the peasant's expense.
At the moment there are libel laws, and a host of other laws too, which the Powerful have at their disposal.
See how difficult it is for people to raise concerns even when thousands of people are murdered in NHS hospitals! No action is taken against the perpetrators, only against those who dare to rock the Ship of Fools.
But regulation is so much easier than law, so much more arbitrary.
Before long someone will find some comment on the internet that can be deemed 'Offensive', and a web site will be closed down.
Free and fruitful discussion has always been the enemy of the Tyrant.
For three hundred years, since the Glorious Revolution of 1688, England was a free country.
In that time, England transformed the world both politically and economically. But that dynamic free society is dead. We have returned to the dark age of the Stuarts where a Court political class smothered the nation with monopoly, patronage, and arbitrary power. 
We have to watch what we say, and watch what we write.