Speaking yesterday at the Oxford Media Convention, Hunt said that his party would prefer to introduce a city-focused system of improved radio, newspaper and web services rather than the independently funded news consortia (IFNC) approach.
Addressing all companies that have recently submitted proposals for three IFNC trial schemes in England, Wales and Scotland, Hunt said that the Tories plan to "legally unpick" the policy should they secure victory at the election, reports The Guardian.
"Let me be clear, we do not support these provisions in the digital economy bill and we do not support the pilot schemes," he added.
"The contracts are not due to be signed until May [and] anyone looking to sign one should understand that we'll do all we can to legally unpick them if David Cameron enters No 10. And if they haven't been signed, we won't be doing so."
Hunt said that using a slice of the BBC's licence fee to "prop up" beleaguered regional news services would simply cast a "failed regional TV model in aspic".
At the start of January, the department for culture, media and sport confirmed that eight bids have been lodged for the IFNC pilots, with three successful bidders due to start their trials in the spring.
In his speech, Hunt again called for media regulator Ofcom to have its power reduced, while he also claimed that DCMS "lacks firepower and capability" to be truly effective.
"I have nothing against Ofcom, which has some extremely bright people working for it, but everything against the way the balance of power has shifted its way because we have a government afraid to take responsibility for broadcasting policy," he explained.
"Ofcom is empowered by statute and has been able to interpret those statutory powers to step into a vacuum created by the arrival and departure of four culture secretaries in as many years and a department that lacks firepower and capability."
Despite acknowledging the value of services such as BBC iPlayer, Hunt believes that it is "fundamentally flawed" for the BBC and Channel 4 to be taking the lead in online innovation because it limits motivation for the commercial market.
The minister claimed that public sector involvement in the online space deters private investment and means that the "possibility of a British Google is killed stone dead".
"You are sending a strong signal to anyone with a good idea for a product or service online - don't bother," he said.
"Why develop a website for motoring enthusiasts? You won't stand a chance against the Top Gear site. With the massive leverage offered by access to TV audiences you risk crowding out investment by anyone in the private sector."