The UK press should not be regulated, pay bribes to civil servants via a Rupert Murdoch company then prosecute both both him and the leaker paid the money rather than ignore it
Phone hacking is already a crime – so if Rupert Murdoch pays people then both he and the persons passing on stuff are also guilty.
Scandals on reported on ethical grounds would not be subject to charges since no money passed hands. Regulation assumes that no rules exist, they do and the police do not investigate bribery by the press either as staff or as some other civil servant out for a bonus.
An interesting book on the press.