Prakash, a senior journalist, was appointed as the chairman of the Prasar Bharati on October 28, 2014, for three years on the recommendation of a committee headed by then vice president M Hamid Ansari.
"Prasar Bharati bids farewell to its Chairman @mediasurya who shared his wisdom and spearheaded the organisation for three years," Prasar Bharati said in a tweet.
The Prasar Bharti Corporation was created by a 1990 Act of Parliament and is governed by the Prasar Bharati Board.
The chairman is a part-time member with a three-year tenure. There is no official announcement regarding the next chairman of Prasar Bharati.