What's wrong with electronic media ???

For the last month or so ,the news channels have been besotted with the Aarushi murder case.No doubt ,the murder was most foul and done in a diabolical manner.There were no clear motives and this gave the electronic media a licence to go berserk with wild theories and conjectures about the twin murders.
The news channels have sequentially tried to hold a parallel trial and proclaim people guilty even before the investigations have been completed.The freedom of speech and expression has been abused by the news channels and there appears to be an urgent need for some kind of regulatory mechanism to be put in place which holds news channels accountable for the trash they are dishing out to the unsuspecting viewers.