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Author Topic: Mediamax k24 TV bankrupt.  (Read 1943 times)

Offline patel

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Mediamax k24 TV bankrupt.
« on: June 23, 2020, 08:42:22 AM »
Early signs Ruto financial empire in dire straits. Employees have not been paid for 3 months. Layoff garole. Covid_19 has only accelerated the situation. No doubt things will keep getting worst.

Offline RV Pundit

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Re: Mediamax k24 TV bankrupt.
« Reply #1 on: June 23, 2020, 09:07:40 AM »
I don't think Kenyattas agreed to sell to Ruto. Ruto bought out minority shareholders.

Offline gout

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Re: Mediamax k24 TV bankrupt.
« Reply #2 on: June 23, 2020, 09:18:20 AM »
Most companies are going down no matter the shareholders. As much as crony capitalists are heartless, it is sensible to kick out employees on redundancy as we head to the cliff. Advert revenues for TV have been dying even before Corona.

With even politicians using Facebook and Twitter ads, these lazy journalists can easily monetise their Youtube and Instagram channels given their popularity but there is nonsense among corporatish Kenyans ati facebook, Instagram are waste of time. Now they will face starvation given no media or any other firm is hiring.

Likes of Betty Kyalo will easily transition given she had already monetised her online platforms.
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline RV Pundit

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Re: Mediamax k24 TV bankrupt.
« Reply #3 on: June 23, 2020, 09:41:38 AM »
Precisely. Folks need to embrace new careers in these covid eras. This is an opportunity to re-think and re-imagine a new world where going to the office to earn a living is not everything.

I also see Jalango is trying. There is a lot the media folks can do with all facebook and youtubes paying money for content.

The likes of Chamwanda is out there creating and selling his content.

Quote from: gout on June 23, 2020, 09:18:20 AM
Most companies are going down no matter the shareholders. As much as crony capitalists are heartless, it is sensible to kick out employees on redundancy as we head to the cliff. Advert revenues for TV have been dying even before Corona.

With even politicians using Facebook and Twitter ads, these lazy journalists can easily monetise their Youtube and Instagram channels given their popularity but there is nonsense among corporatish Kenyans ati facebook, Instagram are waste of time. Now they will face starvation given no media or any other firm is hiring.

Likes of Betty Kyalo will easily transition given she had already monetised her online platforms.
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