Re: Why they withdrew the case? Easy.
Just imagine, if you (as a media strongarm organisation) lose the case and the law states:
The defendant shall be awarded damages and costs MULTIPLIED by the value obtained by dividing the plaintiff's financial resources by that of the defendant's.
So if the MAFIAA sues you and you have 1000 quid to your name and they have 100,000,000 then if you're awarded 2k costs/damages/etc then that's multiplied by 100,000 (their 100,000,000 divided by your 1000).
To be honest, just claiming your petrol/bus ticket/etc to the trial would suffice ;o)