I know, but having the state actually fund journalism (which is what the trailed bit of the speech said) would inevitably lead to state involvement in the press, no government would be able to resist paying for stories about how great it is. They'd be better off cutting taxes or making them charities (I know he said only some, but they'd inevitably all be non-profits after about two seconds - lets face it only a couple of them make a profit anyway).
I do however like the idea of a British Digital Corporation - there are things online that BBC were made to get rid of (weather, traffic etc) that it made zero sense "to open up to the market" and you can make much the same point about archive material (for instance it is a genuine disgrace that you have to pay private firms for access to the censuses, military records and items at the National Archives unless you live close enough) and old BBC programmes - which we've already paid for once.