As we have been exclusively reporting, TV9 top management crisis has been escalated to a point of no return. The consequences may lead to departing of founder team of TV9 very soon from the firm.
After acquiring majority stake in ABCL ( Parent group of TV9) , Megha Constructions Krishna Reddy and MyHome Group Rameswara Rao have replaced four of the board members ( which were earlier held by Srini Raju’s iLab) recently. Reportedly Jagapathi Rao Jupally, Sangu Samba Siva Rao, A. Srinivasa Rao, P. Kaushik Rao are the new directors. Ravi Prakash, Clifford Pereira and Murthy are the other three from the old team , still remaining in the board.
From inception of TV9 , major stake holder Srini Raju ( 80% stake ) never involved in editorial affairs , Ravi Prakash had complete control over the channel operations as well as editorial programming . But , it has been reliably learnt that new board has started muddling in the editorial affairs a lot to the dislike of Ravi Prakash.
It has been reliably learnt that , as per NCLT ruling related to Saif Partners, there shouldn’t be any changes to Board of TV9 ‘s parent company ABCL. Ravi Prakash has now approached court claiming the changes in the board is illegal. As Ravi Prakash is a minority stakeholder, there is every possibility that he and his team might be forced out of TV9. According to our highly placed sources , this might happen as soon as in next few weeks. A high profile meeting with a key person in TG government might decide the fate.
We’ll have to wait and see if TV9 can continue to hold it’s numero uno position if Ravi Prakash’s team exits. Unarguably Ravi Prakash is the mastermind behind the TV9’s rise and continuation of it’s numero uno status.
TV9 Ravi Prakash Kodali Nani partnership is fake news
A few websites reported yesterday that TV9 CEO Ravi Prakash is starting a Television channel with Gudivada YSR CP MLA Kodali Venkateswara Rao. The news of Ravi Prakash joining hands with Kodali Nani has caused quite a bit of consternation in media circles. Telugu360 has done some digging into the news and here is the actual news.
T360 has learned that this Rumor of Ravi Prakash and Kodali Nani news channel is fake news. Some websites just pulled a registration document of Ravi Prakash, NTV chowdary, and Kodali Venkateswara Rao and wrote that Ravi Prakash is going to start a news channel with Nani. However, It is learnt that this ‘Kodali Venakateswara Rao’ is not the YSRCP MLA, but there is another movie producer with the same name. He made movies like ‘Rangula Kala’, ‘Malli malli chudali’, ‘Chakravarty’ and is a national awards winning producer. The company they registered is for a general Entertainment channel, which Ravi Prakash and team has been working on for a while. It is heard Ravi Prakash sent law suits to some websites who wrote this unfounded news.
TV9 Ravi Prakash to start newspaper
TV9 is undisputed numero uno news channel in Telugu states. Other channels lag behind this channel with a very wide gap. Also TV9 is successful in continuing the top position for years. And as everyone knows, TV9 CEO Ravi Prakash is the main man behind this. Is TV9 Ravi Prakash is planning to start a Telugu daily?
From sources very close to Ravi Prakash we have learned that the veteran journalist is contemplating starting a news paper. Ravi Prakash is executing plans to start news paper 6 months before elections. He believes that there is still a huge gap in print media in Telugu states and he will be able to make significant impact in the print media space as he did in Electronic media. It will be a very interesting development to watch out considering there has not been a significant entrant into print media space after Sakshi.