Actor Nagarjuna dismissed news reports on Wednesday that he is going to launch  a new entertainment TV channel.

In his latest post on Twitter, Nagarjuna said he came across media reports that he was launching an entertainment channel with the name 'Manam' and said there is no truth in the reports.

It may be recalled that the Maa TV Network was purchased by Star TV recently. Nagarjuna partly owned the Network. After the deal, reports surfaced that he has decided to launch a new channel with the name 'Manam.

Nagarjuna is now busy with two movies.In one of the movies, 'Soggade Chinni Nayana' , he is pairing with Ramyakrishna. In the second one, he is acting with Tamil star Karti.