Second highest Telugu circulation daily “SAKSHI” fallen into financial crisis. SAKSHI turns to be the top in daily circulation for two years soon after it was launched in 2008. Division affect and YSRCP defeat in General elections drops its circulation further. Enforcement Directorate (ED) latest attachments of offices of SAKSHI may raise many doubts on its existence in the competition.
ED took the decision of the attachment of 47 crores of assets related to YS Jagan Mohan Reddy. Assets related to both Sakshi print media and electronic media also there in the attachment list. Corporate Offices of Jagathi Publications and Indira Television among 14 districts of two states have to be attached. ED is not leaving even Printing Machinery of SAKSHI in its attachment.
7 SAKSHI offices and its land include Karimnagar, Nalgonda, Ranga Reddy, Hyderabad, Khammam, Nizamabad and Warangal in Telangana will be attached. 6 SAKSHI offices and it’s land in AP include Kurnoor, Mangalagiri, Ananthapur, Nellore, Ongole, Tirupathy and Vijayawada. SAKSHI management was also decided to reduction of its staff to reduce the operational expenditures.
