Jana Sena Chief Pawan Kalyan had bought 99TV and his friend Thota Chandrasekhar of Aditya Group of Industries invested in the channel, that brings out exclusive coverage on Jane Sena activities and the campaigning done by Pawan Kalyan. But now reports have emerged that Pawan would be backing off from 99 TV. Our sources have informed that Thota Chandrasekhar is finding it tough to fund the capital and he is unlikely to push it further without any investments from outsiders. Keeping this in the milieu, Pawn might be calling it quit from 99 TV.

Jana Sena Chief Pawan Kalyan Exit From 99 TV

Earlier, we reported that Pawan Kalyan initiated the move to buy the news channel after few certain sections of channels aired comments against him put him in a bad light. With elections around the corner, the Jana Sena Chief contemplated of having their own channel to fire back at the rumours trained at him by other channels spreading negative publicity against him.

The 99TV new channel is owned by the Communist party. And soon after they came up to sell out their channel, Jana Sena came forward to buyout. On the other side, it is being said that businessman, Nimmagadda Prasad, is in talks to buy 10TV, which also owned by Communist Party.