Press tsar to regulate standards as publishers fume at media overhaul LABOR has infuriated publishers by proposing a new federal regulator to oversee press standards and rule on mergers, as part of a wider overhaul to be rushed through parliament, despite fears it could trigger a $4 billion television takeover. The reforms will establish a statutory authority to rule on the way the Australian Press Council and similar bodies adjudicate on complaints against the press, sparking furious warnings against the "unprecedented" intervention.