My Home Rameshwar Rao, a kin and loyalist of Telangana Chief Minister, K Chandrasekhara Rao has acquired a stake in two popular Telugu News Channels, Tv5 and NTV. It is emerging that Rameshwar Rao acquired 11% stake in NTV investing 30 Crores and invested 7 Crore for an undisclosed stake in TV5. Earlier he tried to get a stake in TV9 but failed to.
NTV and TV5 are often treated as the Second and Third Rank News Channels in Telugu while TV9 leads the way at the Top. There is a buzz that Telangana CM KCR is trying to control the media through Rameshwar Rao. This move is expected to be major shot in the arm for the ruling party in Telangana especially ahead of the 2019 elections.
We already know that TRS already operates Namasthe Telangana Telugu News Paper and T-News Channel. The party is also in the process of bringing up a English News Paper, Telangana Today. Rameswar Rao is a homeopathy doctor-turned-real estate biggie. He currently has business interests in cement production, power plants along with real estate.