The Press Complaints Commission is to close itself down in a fast-tracked programme that will kill off the name of the PCC, abandon its current structures and governance, and establish a new regulatory body that will be in place well before Lord Justice Leveson delivers his report on the press at the end of this year.
The accelerated close down was formally discussed at a full meeting of the commission chaired by Lord Hunt in London. Details of the formal close-down date and the potential names of the new body are expected to be revealed in six weeks when the full minutes of the meeting are approved and published shortly afterwards.
Earlier this week Hunt is understood to have told some of his close Westminster colleagues of the imminent demise of the PCC. Hunt discussed the urgent need to have a new authority in place and functioning well ahead of the first draft and any early recommendations from Lord Justice Leveson.
Simply stealing a march on anything Leveson might say was how one MP described the goodbye to the PCC.