Jagan started taking over media organisations through his men and NTV is the latest casualty. Earlier Mr. shyam Prasada Reddy became Chairman of Local TV and now Mr. Nimmagadda Prasad, popularly known as Matrix Prasad has invested in NTV. Since the chances of getting license for his Sakshi seems bleak, Jagan wants to have hold in other channels so that he would help his father to win for a second term. Mr. Matrix Prasad and Mr. Shyam Prasad Reddy are Jagan's partners in Indu Projects. The talks with TV5 are inconclusive. With Mr. Chowdary foregoing part of his share to Matrix Prasad, there are tremors in the channel. The 'B' trio may be sent out and there are enough signals according to insiders.
Monday, December 15, 2008
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