Of course, I agree entirely with my hon. Friend, and I am glad that he focused on local newspapers, because I referred to two changes. The first is the establishment of IPSO, which I believe in all serious respects is now compliant with what Lord Leveson wanted. The second is the complete change in the media landscape that has taken place in the last 10 years.
My right hon. Friend the Secretary of State mentioned the number of local newspapers that have gone out of business. We are seeing more continue to do so. There is likely to be further consolidation within the newspaper industry and the economics are steadily moving against newspapers. That is a real threat to democracy, because newspapers employ journalists who cover proceedings in courts, council chambers and, indeed, in this place. The big media giants who now have the power and influence—Google, Facebook and Twitter—do not employ a single journalist, so my right hon. Friend is absolutely right to have established the examination into the funding and future of the press. It is about looking forward, and that is where the House should be concentrating its efforts. It should not be looking backwards and going over again the events of more than 10 years ago; the world has changed almost beyond recognition.