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The power of the press, meanwhile, is draining away. In the two years since Sir Brian Leveson started preparing his report, newspaper sales have slid by a further 17 per cent. Earlier this week the Guardian’s chief executive declared that his title cannot survive in Britain and its editor said he could imagine it morphing into a digital-only feed in five to 10 years’ time. This perhaps explains why that newspaper is quite relaxed about regulation by politicians: it may not have a print edition by the end of the decade. On current trends, the same is true for the Financial Times and the Independent. |