Alanda wrests control of TV9 from Ravi Prakash
Alanda Media & Entertainment have become majority stakeholders of Associated Broadcasting Pvt. Ltd. (ABCPL) and have taken management control of the network from the hands of Ravi Prakash. They announced the appointment of Mahindra Mishra as interim CEO. The top management has officially announced that Ravi Prakash and CFO KVN Murthy are no longer a part of the company.
The media brief released by Alanda reads as follows. “In view of the above malafide intentions and fraudulent acts of Mr.V.Ravi Prakash and Mr.M.K.V.N.Murthy, the Board of ABCPL in its meeting held on dt.8/5/2019 and the shareholders in the EGM held on dt.10/5/2019 have passed a resolution revoking all the powers vested with Mr.V.Ravi Prakash, Whole-time Director & CEO and Mr.M.K.V.N.Murthy, Whole Time Director & CFO with immediate effect.”
They further iterated their commitment to uphold the journalistic standards of the company, “ABCPL and its shareholders express its deep commitment to restore and uphold the values of journalism in the TV9 group of channels. The Board affirmed that the organisation’s real assets are its credibility and commitment to a better society and these must be maintained at all costs.”