This country is now very close to settling a problem that has plagued it for generations. The problem was this: how to protect ordinary citizens from lying, bullying and unjustified intrusion carried out in the name of journalism, while at the same time ensuring that journalists were free to do the job they need to do to sustain our democracy. The solution is the Royal Charter on press self-regulation.
Mums and dads of wannabe writers, encourage your darlings to sharpen their pens, read newspapers, blog, tweet and watch late-night showings of All The President's Men, The Front Page and Five-Star Final (hunt it down, it's brilliantly nasty). They may not end up changing the world but I'm fairly confident that journalism will soon be more lucrative than it is now. And it'll save them from investment banking.
The freedom and sense of community that comes with social networking is a wonderful thing, perhaps the most wonderful thing of the online age. But it comes with responsibility. If you intend to write about current affairs, publishing your unmoderated comments to however many pairs of eyes around the world, you must have an understanding of what you can and cannot say. It is no longer good enough to simply say "I didn't realise."
The medley of today's media is unprecedented. While Britain's biggest publishers find themselves in similarly unparalleled levels of turmoil - shrinking revenue, the threat of state regulation, and a growing tendency to aim their guns at each other - the range of outlets beneath them is fragmenting like light through a prism.