That also sounds 90% good enough to make the media useless. A politician doesn't like an article about his corrupt behavior? Well, he wasn't convicted for anything in the article, so away it goes!
If you aren't able to get the person in a court of law and win, you shouldn't be able to prejudice their ability to make a living.
EU excludes public figures [I'm not sure exactly how its written].
It isn't like people are magically going to forget nationwide media coverage of someone like Nixon and his "I am not a crook speech". We still remember it decades later. I think I'd rather err on the side of protecting the poor and weakest members of society that probably can't get someone to take a libel case on their behalf for $$ than punish every guilty person "who got away with it".
For every Nixon, there are dozens if not hundreds of people with arrest records published on the internet that never went to trial.
