The closure of the Press Complaints Commission is unsurprising, uncontroversial and inevitable.
It was always unlikely that we would see the PCC continue up to the point of the creation of a new entity. So, for all sorts of good legal reasons, the transition body makes sense.
But the PCC's secretariat will continue to operate as before, handling complaints, acting on behalf of people facing press harassment, arbitrating where necessary and offering pre-publication advice to editors.
This is not a cataclysmic moment, merely the full stop to a sentence written months ago.
The replacement for the PCC, whatever form it takes, is a year or more away. Indeed, if parliament gets involved then it may take even longer.
Meanwhile, it would be foolish for the newspaper and magazine industries to do nothing. The transition body must continue what was most positive about the PCC's work.
Lord Hunt, the PCC's chair, appears to have talked himself out of a new job - but he knows what he is doing.
He has a difficult task ahead and now that the decks are clear he - and the industry - can help to create a new regulator, as long as Lord Justice Leveson agrees.
