Apparently, it is rumoured that a new management took over 99 TV that is floated by a communist party of India a couple of years ago. A retired IAS officer Thota Chandra Sekhar who also owns Aditya group of industries overtook the rights of the channel and performed the Pooja ceremony.
There have been reports that Pawan Kalyan is planning to have his own political party and hence he has initiated this through one of his party leaders.
Pawan Kalyan is also planning to invest money in another left channel 10 TV which belongs to industrialist Nimmagadda Prasad. But apparently, there are some issues in transfer of equity shares and hence Chandra Sekhar has taken over 99 TV which will be in favour of Jana Sena.
Chandra Sekhar belongs to Kapu community and was an IAS officer of 1997 batch. He joined PRP and contested on Guntur but lost. He then joined YSRCP and contest in 2014 elections but finally entered Jana Sena.