Technically speaking it's to make it so cases are less likely to go to court. Skipping arbitration (by either side) would be assumed by the courts to be somebody trying to abuse process. Very few people who don't work in news media should or would have a problem with any of it. In fact I suspect if you polled the general public one would find that most people would think it doesn't go nearly far enough.
Much as I enjoy reading the 'reg; claiming you're not Murdoch press so it shouldn't apply is a pretty sorry excuse - the potential for damage is so extreme in these cases something needs to be sorted out and there shouldn't be any exceptions. Think before you publish is what the media forgot in times of twitter that would protect them from all of this.
The right to publish freely has been abused by people calling themselves journalists - I don't think any of what the government is doing is going to solve any of the problems in the world but it does improve access to redress when it goes wrong. If journalists have a problem with this stuff they should talk to their peers; this stuff is legitimately the absolute minimum that could be done.
Biting the hand that feeds IT
