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But is this a happy model for the future of press regulation?
It could yet prove to be crucial to the future of press regulation.
Let Cameron have his bills back – including defamation – so that everyone can get the future of press regulation right.
That is not to say that Mosley's proposals for the future of press regulation in the UK excluded outside interference.
But it also raised difficult and rather disturbing questions about free speech and the future of press self-regulation.
Nor will the matter have any impact on the continuing, but low profile, debate about the future of press regulation.
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Mockridge said it was a "critical issue" whether the state determined the future structure of press regulation.
In truth, and this is a sobering thought as the Leveson inquiry ponders the future form of press regulation, Murdoch looks to have won this battle already.
"We share some of the Mail's anxieties about the future shape of press regulation.
Labour Leader Ed Miliband said the deal would protect "future victims" of press intrusion, while maintaining a free press.
The Press Association's managing director, Tony Watson, told a committee of MPs looking into the future of local press: "Things have got so bad in the regional press now courts and councils are not getting covered sufficiently".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com