Mr Murdoch described the previous Labor government's plan to build a nationwide, high-speed broadband network as ridiculous.
The News Corporation boss gave a lengthy interview on Foxtel channel Sky News to mark the 50th anniversary of his company's national newspaper, The Australian.
He defended the paper's strong stance against the Rudd and Gillard governments, saying it was absolutely right, adding it's still too early to pass judgment on the Abbott government.
He's met Prime Minister Tony Abbott three or four times and described him as an admirable, honest and principled man, but queried how much does he understand the free market and what should be happening.
