Is Leveson Loading a Gun on the Press

My reaction on reading this is "Good!" but obviously there is a caveat. Mainly that it is discerning and attacks only certain sections of the Press and bears in mind the good work that investigative journalism of the more mature variety does (take MP's expenses for example). We must always have a questioning media and a free press, but we must not have a feral media that wallows in spiv culture and that must always be stamped on when necessary