This paper describes a novel control technique to deal with networked control systems with random communication time delay, which is known to highly degrade the control performance of the controlled system. This problem can be solved using a modified model predictive control, which uses the future control sequence to compensate for the forward communication time delay. Also, using a model predictor, the time delay in the backward channel can be compensated as well. Another key part of this paper is to analyse the stability of the networked control systems. The analytical criteria are obtained for both fixed and random communication time delays. The simulation results and practical experiments illustrate that the proposed controller design is realistic.