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Eyewitness video showed the moment the speedboat was brought under control
A man who died in a speedboat crash off the north Cornish coast, which also killed his daughter, was a senior executive at BSkyB.
Nick Milligan, 51, and his eight-year-old daughter were among six people thrown from the boat in the Camel Estuary, off Padstow on Sunday.
Four other family members, thought to have been hit by the boat, are in hospital with serious injuries.
The vessel was stopped after a local waterskiing instructor jumped on board.
The injured family members are thought to have been hit by the boat while it was going round in circles.
'Deeply shocked'The four injured are a 39-year-old woman, a four-year-old boy and two girls aged 10 and 12. They suffered leg injuries of varying degrees of severity, John Oliver from South Western Ambulance Service said.
The boat is owned by the family, who are from Wandsworth in south London, and are believed to have a holiday home in the area.
Mr Milligan had been managing director of Sky's advertising sales division, Sky Media, since 2004.
A company spokesperson said: "Everyone at Sky is deeply shocked and saddened to learn of the tragic accident involving the Milligan family.
"Nick has been a great friend and colleague for many years and his loss will be felt across our company and the industry. Our very deepest sympathies are with his family at this time."
Police and marine investigators have begun an inquiry into the incident, co-ordinated by Devon and Cornwall Police.
Supt Jim Colwell said some of the injuries were "life threatening" as well as "life changing".
"Start Quote
End Quote BSkyB statementNick has been a great friend and colleague for many years and his loss will be felt across our company and the industry"
"The key lines of enquiry are primarily witness enquiries, those eye witnesses that were at the scene at the time and have already started to provide us with information as to what the circumstances were and what the boat was doing at the time of the incident," he said.
Supt Colwell said a mechanical examination of the boat, with the involvement of the Marine Action Investigation Branch, would take place "just to make sure there were no factors to do with the vessel itself which may have caused this incident".
The sunny bank holiday weather had drawn a lot of visitors to the harbourside, and the surrounding waters of the Camel Estuary were said to have been calm on Sunday afternoon when the accident happened.
'Heroic' rescuerAt about 15:50 BST, Falmouth Coastguard received a number of reports from members of the public that six people had been thrown from a speedboat.
They reported seeing the boat "out of control for a short time" and striking some other boats, Jo Rawlings, from the Maritime and Coastguard Agency, told the BBC.
Dog walker Simon Lewins, from Wadebridge, said he watched as a big, powerful boat going "a bit too fast" suddenly turned right, "depositing" people into the water.
NICK MILLIGAN'S CAREER
- Joined the television industry in 1983 at Television South (TVS)
- Moved to Central Television in 1986 and went on to Thames Television in 1988, staying until 1992
- Was on the team which established the UK Gold and UK Living channels
- Became a founding director of Channel 5 in 1996 and stayed at the station until 2003, its first profitable year
- Became managing director of Sky Media in June 2004
Source: Media Guardian
"It kept going off in ever decreasing circles. The screams coming from the people in the water were pretty bad."
The man who leapt on to the out-of-control speedboat, from another vessel he went alongside with, was named locally as Charlie Toogood, from Camel Ski School.
It is thought Mr Toogood got a rope around the propeller of the out-of-control vessel in a bid to reduce its speed before jumping on board.
He then managed to stop it and take it away.
"I tell you what, this guy is a hero," Mr Lewins told the BBC.
Coastguards then helped some of the injured as a helicopter landed on the beach, he added.
Kill cordThe injured were being treated at Derriford Hospital in Plymouth, the Maritime and Coastguard Agency said.
Matt Pavitt, the Coastguard sector manager for North Cornwall, said the injured four were "badly shaken up".
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Cornwall Coastguard Matt Pavitt : "Someone managed to get on the boat... and prevent further loss of life"
He said the 8m (26ft) long vessel had a "very, very powerful engine" and there were reports it was "seen to veer over to one side, causing all six people to end up in the water", resulting in a number of serious injuries.
Alex Greig, of Falmouth Coastguard, said safety features in such vessels usually included a so-called "kill cord".
He said: "If somebody is thrown away from the console, it should disable the engine.
"But if it's not working, or not being worn correctly, there is the chance that if you are thrown away from the boat, it will continue to move under its own power.
"The way an outboard engine works, because it hangs loose on the back of the boat, it will actually put the boat into a very tight circle and continue round at the speed it was left going at originally."
Coastguards said the was no speed limit in the area where control was lost of the boat.
Investigators appealed for anyone with photographs or video clips to come forward.
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