LONDON, Dec. 1 (UPI) -- Sky Broadcasting head James Murdoch has criticized overregulation of British media at a recent London conference.
Calling for a "free marketplace of ideas," the BSkyB chief executive officer spoke out at the conference against such regulatory practices as the ongoing investigation into his company's recent acquisition of a 17.9 percent stake in its rival ITV network, the Hollywood Reporter said.
"Too many people in broadcasting have been brought up in the straitjacket of a heavily regulated and interventionist structure. The idea of a free marketplace of ideas -- which we should welcome as a wonderful, indeed a noble thing -- makes them nervous," Murdoch said.
The executive also lambasted the apparent lack of regulation for the BBC and its ambitious proposals that are to be funded through public taxes.
"This is not public service, it's megalomania," Murdoch argued. "Perhaps it is not a coincidence that the BBC has managed so far to escape any meaningful oversight by concocting a governance fudge that (British confectionery retailer) Thornton's would be proud of. Delusions of grandeur will flourish in the absence of proper accountability."