Evaluates the conception of press freedom put forward by Lord Justice Leveson in his 2012 report "An Inquiry into the Culture, Practices and Ethics of the Press", and argues that it should not be used as the benchmark of the success or failure of future press regulation. Considers the interests and values that are excluded from the scope of Leveson's model of press freedom. Contrasts the model with the dominant account of press freedom developed in the case law.