The BBC has very good programmes, but the BBC is subsidised by the people and its huge presence means that many other independent (non-state) media organisations struggle to survive, since they receive no subsidies from the people. A free society needs plurality of press with lots of different opinions available. The non-state press has to survive in the commercial world (it receives no state subsidies and protection). If it has to try and compete with the state funded BBC, then it will inevitably struggle.
Paul Dacre of the Daily Mail has argued this case very well. He says that the majority of the people are small 'c' conservatives. I think he is right. There are many progressives, but they are not the majority. Yet the majority subsidises media that sometimes looks down on the common people and their small 'c' conservatism. There is lots of sneering at the Sun and the Daily Mail, and these millions of readers subsidise state media that is often in opposition to their views.
It is a free society and there are lots of rich progressives who could open up newspapers that reflect their views. Let them see whether their views can create profitable newspapers in the market. Let us see whether the common people (so often sneered at) will buy their papers and agree with their views. In a free society, there is nothing to stop progressives forming newspapers in order to provide Kinnock's "balanced press". Let's see how "balanced" the public really are. Let's see which papers and TV stations the public will choose to watch of their own free will.
Roy Greenslade of the Guardian disagrees with Dacre
www.guardian.co.uk/media/greenslade/2007/jan/23/dacregivesthebbcbothbarre
Dacre's speech, referred to by Greenslade, is here
image.guardian.co.uk/sys-files/Media/documents/2007/01/23/CudlippDacre.pdf