Excellent news for "smaller" blogging sites with a turnover of less than £2 million per annum and/or fewer than 10 employees, then, as it has been announced that such businesses will not be subject to the harsh financial damages due to be introduced under the new royal charter (see previous Editors Weblog article on reactions to the royal charter). Small companies who do not consider publishing news as the main part of their business will also be exempt.
Many of the small blogging sites in question will be heaving a huge sigh of relief in the wake of this government concession. Concerns had already been raised over the issue; outrage was widespread over the fact that small-scale bloggers would be subject to the harsh press regulation rules that were intended for the large news organisations responsible for the misconduct which lead to the Leveson inquiry in the first place. This exemption has been made in the form of a legislative amendment to the royal charter agreed upon by the Conservative, Liberal Democrat and Labour parties. The amendment is due to go before the House of Commons for debate later today, 22April.