These two media houses in their reporting were critical of the way the government had handled the second wave of Covid-19.
The entities and their associates have admitted to having an unaccounted income of Rs 300 crore and have also agreed to pay the tax.
This is the second instance of tax raids against DMK leaders ahead of the Tamil Nadu assembly election on 6 April.
On Thursday, Velu was at a campaign meeting led by DMK president MK Stalin, when the I-T personnel raided his educational institutions, residences and guest house.
Income Tax sleuths on Tuesday night raided the house of the BJP candidate from Channagiri Madal Virupakshappa’s house located at Channeshapura with the raid continued till morning.
I-T department insists Palace Grounds deal involving Karnataka minister DK Shivakumar was benami one
The I-T department has claimed that a relative of D K Shivakumar, Chandrashekar and Vishalakshi Devi of the Mysuru royal family have admitted that the money came from the minister himself.
After raiding the residences of premises of the relatives and those who are closely associated with VK Sasikala and TTV Dhinakaran, the IT sleuths today night reached most unexpected place.
The office of Tamil channel "Jaya TV" here, TTV Dhinakaran's farm house off Auroville near Puducherry and premises of several other relatives of Sasikala at various other places were searched.
The places raided included the residence of M. Natarajan, Sasikala's husband, in Thanjavur; Kodanad Tea Estate belonging to Jayalalithaa; Jazz Cinemas, Midas Distilleries, Jaya TV and Dr Namadhu MGR.
The searches were conducted in connection with unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and her nephew TTV Dhinakaran.
uOn Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises-residences, offices and farm houses -- to carry out one of their biggest searches on Sasikala's family.
Operation Clean Money Drive: I-T department raids in Tamil Nadu target aides of Dhinakaran, Sasikala
Income Tax officials raided 187 places belonging to the close aides and relatives of AIADMK rebel faction's TTV Dhinakaran and Sasikala, including the office of Tamil channel Jaya TV in Chennai.
I-T raids on Jaya TV | It's a plot to bar Sasikala from politics, claims TTV Dhinakaran; documents seized from old channel office
IT sources said the raids are being conducted in almost 200 places connected to jailed AIADMK leader VK Sasikala and her extended family spread across various cities and states.