Rao was undergoing treatment at Star Hospital and took his last breath at 3.45 am. Rao’s Ramoji Group owns the largest circulating Telugu newspaper, Eenadu. He also owned the ETV network and the large number of channels that fall under it.
TV18 Broadcast rose as much as 7 percent in early trade on Monday after the company reported a consolidated net profit of Rs. 21.3 crore in the third quarter of FY13, helped by strong growth in broadcasting and distribution revenues.
Rupert Murdoch’s collapsing fortunes has raised critical questions for journalism in India. His tabloid culture, the future that awaits us, is there a need to fear monopoly control and beyond all of that, what lessons should we learn from what’s happened.