TV9 Telugu

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TV9 Telugu
TV9TeluguLogo.jpg
Country India
NetworkTV9 Network
Headquarters Hyderabad, Telangana, India
Programming
Language(s) Telugu
Ownership
OwnerMy Home Group, Megha Engineering & Infrastructure Limited (MEIL) [1]
ParentAssociated Broadcasting Company Pvt Ltd
Key people Rajinikanth Vellalacheruvu (Managing Editor)
Sister channels TV9 Bangla
TV9 Kannada
TV9 Gujarati
TV9 Marathi
TV9 Bharatvarsh
History
Launched1 February 2004(19 years ago) (1 February 2004)
Founder
Links
Website tv9telugu.com
tv9.com

TV9 Telugu (formerly TV9) is an Indian Telugu-language 24-hour news channel focusing on the states of Andhra Pradesh and Telangana. [3] It formally launched on 1 February 2004 with a 15-day trial run before the formal launch. [4] It is headquartered in Hyderabad. Along with its rival ETV2 (now ETV Andhra Pradesh), it is the oldest 24-hour news channel in Telugu. [4] [2] [5]

Contents

The founding CEO was Ravi Prakash who served in the role till May 2019. [2] [6] The channel was founded with seed capital from serial entrepreneur Srini Raju's iLabs Ventures. [7] Srini Raju exited the company in August 2018 by selling his 80% stake to a group of investors including promoters of My Home Group and Megha Engineering & Infrastructure Limited (MEIL). [7]

Rajinikanth Vellalacheruvu is the current Managing Editor of the channel. [8] [3]

History

TV9 was launched as a 24-hour news channel in Telugu with its headquarters in Hyderabad. It formally launched on 1 February 2004 with a 15-day trial run before the formal launch. [4] [5] It is promoted by Associated Broadcasting Company Pvt. Ltd (ABCL). [9] [10] ABCL was backed by serial investor Srini Raju's iLabs Ventures with seed capital. [7] It was reported that TV9 received ₹15 crore funding from Srini Raju's iLabs and Chennai-based Unify Wealth Management. [5]

The founding CEO Ravi Prakash mentioned that they launched TV9 as a news channel targeting the youth and women. By June 2014, TV9 had 125 reporters across India. [5] The 2004 Andhra Pradesh Assembly elections and the Indian general elections helped TV9 and its rival ETV2 to become established in the market. [11]

As of December 2011, Srini Raju's iLabs and other investors held 80 percent stake in ABCL, while CEO Ravi Prakash and other management team held 20 percent stake. [12] In September 2016, it was reported that Zee Group would likely buy a majority stake in ABCL. [2]

TV9 Network

Over a period of time, the parent company launched news channels in other Indian languages. Its sister channels include TV9 Kannada (in the state of Karnataka), [13] TV9 Marathi (in the state of Maharashtra), TV9 Gujarati (in the state of Gujarat), [13] TV9 Bharatvarsh (Hindi news channel), [14] TV9 Bangla (in the state of West Bengal). [15] [3] After the launch of other language channels, TV9 was renamed as TV9 Telugu.

ChannelLanguageYear
TV9 TeluguTelugu2004
TV9 KannadaKannada2006
TV9 GujaratiGujarati2007
TV9 MarathiMarathi2011
TV9 BharatvarshHindi2019
TV9 BanglaBangla2021

Change of ownership

In August 2018, a group of investors including promoters of My Home Group and Megha Engineering & Infrastructure Limited (MEIL) picked up the nearly 80% stake held by Srini Raju in Associated Broadcasting Company Ltd (ABCL) which owns TV9 Telugu and its sister channels. [7] From 2004 till 2018, the investor had pumped in close to ₹200 crore in tranches into the company. The company was valued at ₹456 crore for the transaction. It marked the exit of Srini Raju from the company. [16]

In April 2019, Srini Raju agreed to pay ₹65 crore to SAIF Partners (now Elevation Capital), who were also the investors in the company (ABCL). It was also reported that film actor Sivaji who had previously bought around 9% of ABCL from founder CEO Ravi Prakash had raised objections to the sale of 80% equity to My Home Group and Megha Engineering & Infrastructure Limited (MEIL). [17]

Ouster of Ravi Prakash

Ravi Prakash served as its CEO from founding till May 2019 when he was sacked due to accusations of forgery. [18] Ravi Prakash later alleged that after the company's takeover its editorial and operational independence had been compromised. He also noted that he was kept in the dark about the involvement of Jupally Rameswar Rao of My Home Group among the investor group, to whom he would have never sold his company to. Ravi Prakash alleged that the closeness of Rameswar Rao to Telangana Chief Minister K. Chandrasekhar Rao has eroded the unbiasedness of TV9 and that the channel is now being used to further the agenda of Telangana Rashtra Samiti government and Chandrasekhar Rao. [19]

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References

  1. ↑ "About us – TV9 Network". TV9. Retrieved 16 October 2022.
  2. 1 2 3 4 Reddy, B. Dasarath (27 September 2016). "Zee Group likely to acquire TV9". Business Standard . Retrieved 16 October 2022.
  3. 1 2 3 "TV9 Network – Broadcast". TV9 Network. Retrieved 29 June 2021.
  4. 1 2 3 "Telugu tackled; TV9 keen on Kannada news channel next". indiantelevision.com. 26 February 2004. Retrieved 16 October 2022.
  5. 1 2 3 4 "Five's not a crowd for Telugu news channels". indiantelevision.com. 14 June 2004. Retrieved 16 October 2022.
  6. ↑ "'Attempt to control independent media': Sacked TV9 CEO Ravi Prakash alleges conspiracy". The News Minute . 11 May 2019.
  7. 1 2 3 4 Chandramouli, Rajesh (27 August 2018). "Srini Raju exits TV9 Network". The Times of India . Retrieved 29 June 2021.
  8. ↑ Quint, The (10 March 2020). "'Loved His Daughter': Telugu Channels Condone Honour Killing". TheQuint. Retrieved 29 June 2021.
  9. ↑ "Associated Broadcasting Company Private Limited – Company, directors and contact details". Zauba Corp. Retrieved 29 June 2021.
  10. ↑ Singh, Dr. Paramveer (2021). Indian Silver Screen. K. K. Publications. p. 301.
  11. ↑ "Telugu TV Market: The Undercurrents". Indiantelevision.com. 13 August 2005. Retrieved 16 October 2022.
  12. ↑ "iLabs exit from Associated Broadcasting Company likely next month: Srini Raju". The Economic Times. Retrieved 16 October 2022.
  13. 1 2 "The battle for eyeballs". The Times of India . 12 August 2008. Retrieved 24 October 2022.
  14. ↑ "TV9's Hindi news channel TV9 Bharatvarsh to be launched today". Exchange4media. 29 March 2019. Retrieved 11 April 2021.
  15. ↑ "TV9 Network launches 24x7 Bengali news channel TV9 Bangla". Exchange4media. 15 January 2021. Retrieved 4 March 2021.
  16. ↑ K. V. Kurmanath; M. Somasekar (22 August 2018). "Srini Raju's investment firms to exit news-channel operator TV9". Business Line . Retrieved 16 October 2022.
  17. ↑ Sukumar, C. R. "TV9 deal: Srini Raju agrees to pay Rs 65 crore to SAIF Fund". The Economic Times . Retrieved 16 October 2022.
  18. ↑ "Ravi Prakash Removed As CEO of TV9 News Channel Over Forgery Charges". NDTV.com. 10 May 2019. Retrieved 17 October 2022.
  19. ↑ "Battle for TV9: Founder Ravi Prakash says businessman staged coup, wants editorial control". The News Minute. 15 May 2019. Retrieved 17 October 2022.


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