"The emergence of big media houses and corporatization of media is heading fast towards monopoly in the media. This is a matter of concern as such monopoly in media is inherently not good for Indian democracy," Ray observed.
Noting that media, like other institutions, too has succumbed to the vice of malpractices and corruption, he said in today's media functioning, subtle and implicit form of corruption was creating greater "mischief".
Ray noted that "trial by media" of sub judice matters and incorrect reporting of court proceedings have become a "disturbing phenomenon."
He also lamented that the office of editor has been "marginalized" and the editor has very little or no say over the contents of the newspaper.
Quoting former Indian President A P J Abdul Kalam as having said that, "It is very important for the media to be partner in national mission and that they should highlight the positive aspects and provide solutions to difficult aspects through nationwide consultations," he observed that "the media of today should be the torch that shows the way and not the fire that destroys."
Referring to the spurt in number of journalism
training institutions across the country, Ray said a body on the lines of Medical Council of India and the AICTE should be set up for monitoring the functioning of such institutes.
"This body should have the power to disaffiliate," he added. The PCI Chairman added that the media was failing to play its role as Fourth Estate effectively.