Not the end of free press, the
Sorry, but the more I read, the less this sounds like the end of a free-press, though it might spell the end of the current 'can't touch-me' attitude that a small but dangerous minority of the press enjoy. The legal and financial threats that the papers are claiming will put them out of business are the same ones that the publishers having been using to ignore or silence their victims for years.
All this talk of Fascist, racist and/or biased personalities is a distraction from the fact that today, an individual who believes they have been wronged by the press has no recourse but to take on the expense of a high court case. Section 40 will give them an additional option, fixed cost arbitration. The publisher can choose to accept the result of arbitration and the case is closed. The publisher can refuse to accept the result of arbitration and go to court, and the publisher can refuse to go to arbitration in the first place. Either action will result in the publisher being liable for the legal bills meaning the publisher can no longer ignore complaints from people who can't afford a high court case. And since the act explicitly says "the court must award costs against the defendant unless satisfied that ..." the the publisher need not worry about frivolous cases as they will be appropriately punished by the courts.