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The Now Show's take on Leveson

22 March 2013 Last updated at 16:49 GMT

A deal has been struck between the three main political parties on a new press regulation regime in the wake of the phone-hacking scandal.

An independent regulator will be set up by royal charter with powers to impose million pound fines on UK publishers and demand upfront apologies from them.

The Now Show, on BBC Radio 4, with sketches and satire from Steve Punt and Hugh Dennis, gives its take on Leveson and press regulation.