Was looking for info on when the ownership rules changed and Ofcom was created (Communications Bill 2001), and came across this highly informative paper. It's 19 pages double-spaced (excluding refs), so not too daunting, and well worth the read.
Too much to do justice to with quotes, but here's a particularly salient selection anyway:
"The Re-Regulation of Broadcasting, or The Mill Owners' Triumph" (2002).
? "Finally, and perhaps most seriously, OFCOM's responsibility to safeguard public service broadcasting appears to be distinctly at odds with its overall remit which is, surprise surprise, a deregulatory one." pp9
? "Foremost amongst the issues crowding for OFCOM's attention once the Communications Bill becomes an Act will be Murdoch clamouring to have the regulations on impartiality in news lifted so that he can turn Sky News (and, in all likelihood, C5 news too) into the UK equivalent of his rabidly populist Fox News, complaints from the private sector (including, again, Murdoch) that the BBC's digital, website and educational activities are a source of 'unfair' competition, BT's use of its dominant position to keep a grip on the installation of broadband access to the internet, and delivery of the government's plans to bridge the 'digital divide' and the 'information gap'. And, already, powerful players such as BSkyB have lost no opportunity to make it abundantly clear that they will not take kindly to an OFCOM that flexes its regulatory muscles too strongly. Thus, for example, its formidable chief executive Tony Ball, in a speech last year to the neo-liberal think-tank the Institute for Economic Affairs, warned that: 'there is a real danger that the regulation previously set down by governments will be replaced not by the application of competition law, but by the unelected board of OFCOM with a charter to interfere'. " pp12-13
? "the draft Bill imposed a 'must carry' obligation, which would have forced BSkyB to carry the public service channels for a nominal fee. Assiduous lobbying by the satellite channel ensured that this obligation disappeared from the Bill itself. Now ITV will pay them £17m and C4,C5 and the BBC £4m a year each for the privilege, and the Bill insists that they must be on the BSkyB digital platform even if they think the carriage charges are too high. Thus Murdoch benefits to the tune of around £28.6m a year (some of which is made up of BBC licence payers' money) for providing a service which is estimated to cost a mere £350,000." pp13-14
? "I was told by a very senior member of the Joint Committee, just after it had been formed, that it was crucial to understand that the impetus for the Bill came 'straight from No.10'. In the months that followed, watching Tessa Jowell's lamentable public performances in promoting the Bill made it abundantly clear that it certainly didn't come from her" p16