David Cameron has insisted he was "delighted" with the "real progress" that has been made between the rival parties over their plans for press regulation ahead of a Commons showdown.
The Conservatives and the Liberal Democrats and Labour have set out rival proposals for a royal charter establishing an independent self-regulatory body in the wake of Lord Justice Leveson's report. MPs will choose between the two approaches in a series of votes on Monday.
On Saturday the Prime Minister insisted the parties were "in a much better place" now. He said: "I'm delighted by what's happening. I made my move last week to try and unblock the log jam and that seems to be what has happened.
"The other two parties are now in favour of a royal charter - that's good news. They've dropped many of their previous unworkable demands - that's good news. They don't want to have some all singing Leveson law, which I think would have been bad for our country - that's good news. So I think we're in a much better place and I'm confident about the future."
Asked about whether he fears his public perception is damaged by his links to media barons such as Rupert Murdoch, Mr Cameron said: "Not at all because I'm the friend of the victims who want a deal in place, who want to see a regulatory system with one million pound fines.
"The talks were going on and on, they weren't progressing, I unblocked the log jam, we're now in sight of getting that regulator with million pound fines and proper regulation in our country. The idea of a law, a great big all singing, all dancing media law that would have been bad for press freedom, bad for individual freedom - that's off the table.
"All that's left on the table is an enshrinement clause. I don't think it's needed but you know this is not the big issue of principal that a Leveson law would have been and I'm delighted with the unblocking of the log jam that we've seen."
Labour and the Liberal Democrats have joined forces to publish a "strengthened version" of the Prime Minister's proposed royal charter to establish a new watchdog. They signalled they still believed legislation was required to underpin an independent self-regulatory body as recommended by the Leveson Inquiry into phone hacking.
That leaves them firmly at odds with Mr Cameron who believes that would threaten press freedom and make the system unworkable as newspapers would refuse to sign up. The premier faces a tough battle however, with his Lib Dem deputy and Opposition leader Ed Miliband wooing Tory backers of tougher regulation to their cause.
MPs will vote on Monday on an amendment to the Crime and Courts Bill which would enable the courts to impose "exemplary damages" in libel cases and other civil actions on newspapers which have not signed up to the regulator.