This was conducted after reports of alleged tax evasion by the channel and newspaper surfaced.
The searched premises include those belonging to Jaya TV (Mavis Satcom Ltd), its associates, Jazz Cinemas, an alcoholic beverages brewery, Midas Distilleries, a jewellery outlet and other firms, the official said.
Dhinakaran said: "The I-T raids are a clear signal of political vendetta".
"We saw that there were raids against actor Vishal when he spoke out against the government".
The I-T officials began the raid around 6 am which is still continuing in more than 180 different locations.
"I heard that raids are taking place at my farm house, it is a lonely place".
Dinakaran dubbed the raids "politically motivated" and said he will not be frightened by such actions of the Centre, adding that the officials knocked at their door when his wife was preparing for cow "puja". Their lawyer Kasinathbharathi has further told the media that they will not bow down to scare tactics and will face the issue in court.
Opposition leader and the working president of the Dravida Munnetra Kazhagam (DMK) M.K. Stalin on Thursday sought an explanation on the I-T raids that have taken place in Tamil Nadu over the last one year.
IT officials are searching the residence of AIADMK's Karnataka unit secretary Pugalendhi who is a staunch supporter of Sasikala, in Bengaluru as well. The house of Krishna Priya, the daughter of Illavarasi, where Sasikala stayed during her parole, was also raided by Income Tax department.
After the Tamil Nadu Chief Minister Edappadi K Palanisamy and his deputy, who was the former chief minister, O Panneerselvam unified in August, Jaya TV has been highly critical of the functioning of the ruling AIADMK government.
Nanjil Sampath, senior MLA close to Dinakaran said the raids were not surprising at all.