The viewer, he however added, has freedom to decide which version is closer to reality and it is here that the "conventionalists have a chance to hit back".
The I&B minister was addressing a seminar organised by the Indian Institute of Mass Communication (IIMC) here on 'Establishment of a Communication University'. Jaitley said that the best training a journalist can get is only when he is on his feet in the field.
The Minister said that if news channels have to compete with each other, there comes in the desire to create hype, which can be done through controversies, celebrities or important crime events being highlighted.
"This necessarily leads to shrillness. In a shrill debate, the other side of the picture is not known. And if the epidemic of shrillness spreads than channel across channel, you will find only one viewpoint.... And if there is a legitimate alternative viewpoint, how do you fill in the gap for that?," Jaitley asked.
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He added that even if one looks at conventional media, a policemen throwing a stone or singer having made a tweet found more prominence than the results of British elections.
Jaitley referred to the absence of adequate "financial model" as a real challenge saying that while digital media is still struggling to find such a model, in electronic media the cost of distribution is higher than the cost of content.
In such a situation, the cost of content can be obviously compromised, he said.
"It is only when the shrillness dilutes a little, there will be space for the other viewpoint," he said.