Comment inevitably has been coming thick and fast from all interested parties - politicians, police, celebrities, and of course the media itself.
Below, Digital Spy rounds up some of the initial response to Lord Leveson's report.
"I have some serious concerns and misgivings about this recommendation. For the first time we would have crossed the Rubicon, writing elements of press regulation into the law of the land. We should, I believe, be wary of any legislation which has the potential to infringe free speech and a free press."
"It would seem David Cameron's address is no longer Number 10 Downing Street: it's now Flat 2, Rupert Murdoch's arse."
The Labour Party
"The Labour Party supports the recommendations of the Leveson Report and believes they should be implemented swiftly. On behalf of every decent British citizen who wants protection for people like the Dowlers. Who wants a truly free press? A press that can expose abuse of power without abusing its own. We must act."
Dan Hodges - The Daily Telegraph
"This is a battle for power, being conducted exclusively by the powerful. On the one hand the press, on the other politicians... Today Leveson chose his side. It's the politicians... He has sided with the politicians – amongst the strongest stakeholders in society – and opted to tilt the scales that govern all our lives in their favour."
Roy Greenslade - The Guardian
"Both sides may find reason to complain. Those who favoured statute will feel his plan no more than a continuance of the status quo. Those who have been against statutory regulation will wonder if the statutory axe is merely suspended."
"Be interesting to hear now what PM has to say about Leveson. He's got much to answer for not least playing 'my little pony' with Brooks."
Shami Chakrabarti of Liberty
"Leveson's main proposal makes sense for the public, press and politicians alike... What nobody needs and Liberty cannot support is any last-resort compulsory statutory press regulation – coming at too high a price in a free society."
"The judge has rightly condemned the outrageous conduct of the press in the recent years... What is needed is a regulator which can properly and effectively protect the victims of press misconduct... The press must be given a deadline. The Inquiry is over. Now is the time for action."
"Leveson recommends "No more features on Gangnam style, abolition of the phrase 'wine o'clock', more pictures of cats."
Tom Newton Dunn & Tom Wells - The Sun
"Lord Justice Leveson today launched a scathing attack on Britain's politicians and newspapers as he called for a first press law in 317 years."
"It's in many respects better than one could have hoped... I think it would be astonishing if the politicians didn't implement the report because no responsible politician could allow the current situation to continue."
Ian Burrell - The Independent
"The press is going to be very upset - and Lord Justice Leveson knows it... A momentum for radical reform is there and - whatever the backlash on newspaper websites this afternoon and in print tomorrow morning - David Cameron will find it difficult to override the judge's wishes."
"Buckets of socialist twaddle in Commons on #Leveson from Labour MPs. Miliband and co kissed Rupert's rear end for 13 years and now they want to defenestrate him. Nauseating hypocrisy."