There was a rumor few months back that My Home Rameshwar Rao bought TV9 which proved to be wrong later on. Now there is another rumor in media circles that he has acquired a 11% stake in NTV, owned by Narendranath Chowdary, for 30 crores and invested 7 Crore in TV5. These 2 news channels stand next to TV9 in TRP rating. If the rumor comes true, almost entire media in Telangana is under KCR’s control. Rameshwar Rao is close aide of KCR’s family and funded TRS many times.
Some say Mr. Rao is the front face for most of the investment interests of Chinna Jeeyar Swami’s trust.