June 30, 2016
Nairobi, Kenya
Nation Media Group shuts down TV and radio stations
Nation Media Group shut down three of its media outlets namely QTV, Nation FM and the Rwanda-based K FM.
The group defended its decision, saying it was a necessary move to secure its business position in the market. The company has operations in Kenya, Uganda, Tanzania and Rwanda.
"We are cognisant of the changing trends of how our products are being consumed. In line with this new reality, we are reorganising ourselves with the aim of transforming NMG into a 21st century company by embracing digital as the business model," a statement sent out reads in part.
The statement went ahead to explain that the rationalisation will entail consolidating the two television stations (NTV and QTV) into one strong multilingual station.
"We will also scale down our radio business (QFM and Nation FM) in Kenya and K FM in Rwanda. We will keep our signal alive and maintain an online presence in line with our new digital strategy," it added.
Source: Nation Media Group shuts down TV and radio stations
Nairobi, Kenya
Nation Media Group shuts down TV and radio stations
Nation Media Group shut down three of its media outlets namely QTV, Nation FM and the Rwanda-based K FM.
The group defended its decision, saying it was a necessary move to secure its business position in the market. The company has operations in Kenya, Uganda, Tanzania and Rwanda.
"We are cognisant of the changing trends of how our products are being consumed. In line with this new reality, we are reorganising ourselves with the aim of transforming NMG into a 21st century company by embracing digital as the business model," a statement sent out reads in part.
The statement went ahead to explain that the rationalisation will entail consolidating the two television stations (NTV and QTV) into one strong multilingual station.
"We will also scale down our radio business (QFM and Nation FM) in Kenya and K FM in Rwanda. We will keep our signal alive and maintain an online presence in line with our new digital strategy," it added.
Source: Nation Media Group shuts down TV and radio stations