The Royal Charter Option
Initially I was concerned about the proposals to use a Royal Charter for the recognition of a press regulator. However, the proposal in detail puts some control on the changes to the charter (essentially so that contentious changes would not go through). Hence, it does seem to have merits as a process. It introduces a new constitutional process which is like statute, but with a super majority. I am not sure it is essential as the real problem has been the failure of the police to investigate and prosecute crimes, but it is better than statute.