London: British Prime Minister David Cameron has said that newspaper bosses must devise a new independent regime of regulation within days if they want to avoid new legislation to keep them in check.
Cameron addressed editors of national newspapers at a meeting in Downing Street after a judge's report recommended a new press watchdog backed by laws.
Following the meeting, Cameron said he had told the group the "clock is ticking" and they have to "produce a tough, independent regulatory system, rapidly".
"They've got to do it in a way that absolutely meets the requirement of Lord Justice Leveson's report," the Telegraph quoted him, as saying.
"That means million pound fines, proper investigation of complaints, prominent apologies, a tough, independent regulatory system," he added.
According to the paper, the meeting was hosted by Maria Miller, the Culture and Media Secretary, who said editors had 'responded positively'.
"There was unanimous agreement that what we need now is for the press to go forward with developing a tough independent self-regulatory body," the paper quoted her, as saying.
"The challenge has been thrown down to them, they've responded positively and it's now for them to go away and develop those plans," she added.