Media Correspondent Torin Douglas considers the speech

Peter Bazalgette delivers the MacTaggart lecture to the Edinburgh International Television Festival on Friday evening.

He is believed to have composed a speech which strongly criticises the Independent Television Commission.

The ITC regulates content and competition in the commercial sector, including ITV. However, Mr Bazalgette believes it is fast becoming redundant and out of touch with audiences.

Nor will the rest of the industry be immune from his attacks in the annual lecture, which traditionally upsets the TV apple-cart at the outset of the weekend festival.

News attracts names

Peter Bazalgette: "We have too many regulators"

In the light of this weekend's tragic anniversary, coverage of Princess Diana's death and its aftermath will be under discussion by a panel including BBC reporter Kate Adie.

Former nanny Louise Woodward will tell programme makers about her experience of trial on television, and Carol Vorderman and Richard Whiteley will celebrate Channel 4's Countdown.

Contradicting Janet Street Porter, journalist AA Gill will argue that women have taken over television.

The BBC's Nick Higham: Digital TV will bring huge competition

Sky Networks Managing Director Elisabeth Murdoch will outline her vision of the future of television in the digital age.

Other issues to be examined include honesty in documentaries, sex on TV, plus Manchester United's TV channel, and comedians Graham Norton and Jerry Sadowitz will put in appearances.