According to the latest reports, Jr NTR's father-in-law Narne Srinivasa Rao has sold off his Studio N channel.
This channel has been running in losses for some time and Chandra Babu Naidu's son Lokesh tried to take care of it for some time.
After Jr.NTR married Narne's daughter, Lokesh distanced himself from the channel as the Young Tiger wanted to be in-charge.
A sister channel was launched in the name of Studio One and speculations were strong that Chandra Babu Naidu was interested to buy this whole studio.
However, buzz says that CBN wanted to pay only 2 crores to close the deal and he promised to pay the rest after some time. This didn't go well with Narne Srinivasa Rao and Chandra Babu was angry for some time regarding this issue.
As per our sources, a trust related to popular Swamiji has bought Studio N channel along with their office building for 50 crores and this doesn't include Studio One.
The new management will be launching a channel called 'Yuva' very soon and most of the Studio N employees will be working for Studio One.
