Why ITN online is rubbish
Wood is quoted as saying:
"If you look at activity on the internet, bbc.co.uk is a fantastic service, but its budget is of a size that commercial competitors can only dream of. The effect has been to push out commercial competitors. That's not good for innovation," he said.
"We were forced out of that market [for online news]. We are now a market leader in providing content for video phones, but that could be wiped away [by the BBC]," Mr Wood said.
"The problem is that the BBC is able to channel large-scale resources into new activities in a way commercial operators are not. It's a Rolls-Royce operation in terms of funding."