I know the British press is very attached to the lobby system. It lets the journalists and the politicians feel proud of their traditional freedoms while giving the reader as much of the truth as they think is good for him.

Summary

This quote suggests that the British press favors the lobby system, which allows journalists and politicians to maintain their sense of pride in traditional freedoms. However, it also implies that the press controls the amount of truth they disclose to the reader based on their subjective judgment of what is suitable for them.