As you may have heard if you follow the news, the Press Complaints Commission today ruled that the Telegraph’s fishing expedition against Vince Cable broke the rules. Oddly, there is no mention of any penalties in the ruling. They’re not being asked to pay a fine and they don’t even appear to be being asked to print an apology. Instead, the PCC has “undertaken to issue further guidance” to the industry.

And yet this guidance-issuing commission is so draconian in it’s guidance issuing that the Daily Express and it’s sister papers withdraw from the self-regulatory regime earlier this year.

There are those that lament the slow demise of the newspaper publishing industry. I have to say that I am not one of them.