This came up on the NoW thread two hours ago, and I answered it there, but for what it's worth -
"No doubt the withdrawal of the bid will be generally seen as a good thing, but............?
I do have a niggling little doubt, like a bit of indigestion, about a government interfering in an independent (even if morally corrupt) press. Perhaps I saw too much of where it led during the 20th century.
I also cannot help feeling, silly I know, that after the press made great play with the MPs' expenses, this is the MPs getting their own back!"