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Venkata Krishna out from AP24X7?

Venkata Krishna out from AP24X7?

At last, Parvathaneni Venkata Krishna, popular Telugu television anchor, has been removed from the post of director and editor-in-chief of news channel AP 24X7, according to highly placed sources in the channel.

It is learnt majority of the management members who have been gunning for the head of Venkata Krishna, because of his blatant pro-Telugu Desam Party stand, have found the ongoing crisis in the media field because of the lockdown as an excellent excuse to show him the exit doors.

Along with Venkata Krishna, all his close associates in the team, would also be removed from their jobs soon, sources said.

While cost cutting is said to be the immediate reason for the sacking of Venkata Krishna, there has been a lot of talk within the channel circles about large scale misappropriation of money allegedly by him and his team members.

There were also allegations that he had been receiving “package” from the TDP bosses to promote the party and run down the ruling YSR Congress in the channel. This has obviously not gone down well with the management.

The internal turmoil came to light following the recent resignation of channel chairman P Murali Krishnam Raju.

He wrote an open letter to the viewers stating that the channel had plunged into an unprecedented crisis, because of the freehand given to certain individuals (read Venkata Krishna) and his decision not to interfere in the day-to-day activities of the channel.

He said he had realised that the state of affairs in the channel had gone to an irreparable stage and under these circumstances, he thought it was better to step down, as he had failed to rein in the management.

“I conveyed my decision to the management long ago, but there was no change in its attitude. Hence, I am stepping down from the post,” he said.

Though Raju did not mention it in his resignation letter, he reportedly told his close friends that he had lost nearly Rs 20 crore in the channel.

And the main reason for Raju’s resignation and the sorry state of affairs in the channel was Venkata Krishna, who was virtually calling the shots in the channel with the support of a few of the investors. In the last one year, the channel has lost its credibility and also its viewership, sources said.

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