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Nairaland Forum / Nairaland / General / Politics / NN24, Nigeria's News Channel Folds Up (8299 Views)
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NN24, Nigeria's News Channel Folds Up by DExplorer1: 4:52pm On Jul 16, 2012 |
Nigeria's much-hyped satellite TV station, NN24, has folded up barely two years after it was launched with much fanfare. The company's head office at Oregun, Ikeja, Lagos, has been locked while Diamond Bank, to which the company is heavily indebted, is said to be looking for the promoter, Chief Tony Dara, whose whereabouts remain unknown. Transport & Business Express reports that NN24(full name Networknews24) was promoted as Africa's answer to CNN (Cable news Network) when it was launched in May 2010 but that the lofty dream was soon cut short by mismanagement. NN24 debuted as a 24-hour station on DSTv as Nigeria's first 24-hour news channel but cut down transmission to 13 hours in just about a year of operation. By then staff were owed eight months salary and some of the best hands left for greener pastures. "It was a real nightmare working for NN24. I left my previous place of work to join it after being made an irresistible offer but I never got a kobo for the ten months I was there before we shut down," one of the former staffers lamented to Transport & Business Express. Chief Dara, who founded NN24 in 2008 served as its CEO, previously worked with the Nigerian Television Authority (NTA) before relocating to England, where he worked for ITV Central and Bloomberg TV, among others. Source http://brandstv.tv/nn24-nigerias-news-channel-folds-up/ You Need To Read These! After Aborting 3 Times For Him, He's Set To Marry Another Lady This Month. 21 Reasons He Hasn't Proposed to You Yet 16 Regular Mistakes Singles Make in Relationships 25 Warning Signs of a Possible Break up in Your Relationship 16 Raw but Bitter Truths Ladies Must Know |
Re: NN24, Nigeria's News Channel Folds Up by emmyitodo: 6:59pm On Jul 16, 2012 |
does that means nothing can work in this country? i still dont get it why nigerians hardly sustains anything talk more of being competitive, even in our on backyard. its really sickening. |
Re: NN24, Nigeria's News Channel Folds Up by Wokeyim(f): 7:26pm On Jul 16, 2012 |
Come to think of it, isn't it this same station that organized a Kangaroo presidential debate that GEJ refused to honour? The Federal might has finally grounded it. |
Re: NN24, Nigeria's News Channel Folds Up by Nobody: 9:35pm On Jul 16, 2012 |
emmyitodo: does that means nothing can work in this country? i still dont get it why nigerians hardly sustains anything talk more of being competitive, even in our on backyard. its really sickening. There goes another person projecting one man's failure onto the whole 'Nigeria'. Please focus on Mr Dara and leave 'Nigeria' out of it. There are millions of businesses operating profitably and efficiently in Nigeria. 1 Like |
Re: NN24, Nigeria's News Channel Folds Up by icez: 10:36pm On Jul 16, 2012 |
He is waiting for 2015 presidential debate. |
Re: NN24, Nigeria's News Channel Folds Up by manny4life(m): 12:48am On Jul 17, 2012 |
Unfortunately, the dude did not do his homework VERY WELL. Result of a bad business plan. |
Re: NN24, Nigeria's News Channel Folds Up by DisGuy: 1:06am On Jul 17, 2012 |
manny4life: Unfortunately, the dude did not do his homework VERY WELL. Result of a bad business plan. you mean he didnt partner the govt well well, media business in nigeria is largely govt centric, look at channels they are now flossing big time now though they were doing aiiite before, not you get ministers even going to them before going to nta- that's what i noticed anyway |
Re: NN24, Nigeria's News Channel Folds Up by floriana(m): 2:41am On Jul 17, 2012 |
NEXT and NN24 had similar problems - attempt at independent and objective reporting to be funded by private sector patronage which are meagre and unsustainable. AIT is heavily indebted but no bank can foreclose on it because Dokpesi works with all politicians who can pay his price. He worked for PDP to install GEJ and ACN to install Oshiomole. He's working for LP in Ondo. His most important scruples is CASH and other things can follow. That way, he's able to fund his diesel cost for 24 hrs broadcast. And he has a way of owing his staff for months and still remain on air. He sews plenty Ankara dresses for his news presenters to make them look presentable and pops into the newsroom once in a while to keep the plastic smiles on the faces of the staff. Plus he's got one of his wives on ground to checkmate any brewing 'Arab spring'. I recommend the Raymond Dokpesi model for any aspiring media rookie or returnee. 8 Likes 1 Share |
Re: NN24, Nigeria's News Channel Folds Up by Nobody: 3:50am On Jul 17, 2012 |
^^^Funny guy... |
Re: NN24, Nigeria's News Channel Folds Up by Nobody: 4:42am On Jul 17, 2012 |
floriana: NEXT and NN24 had similar problems - attempt at independent and objective reporting to be funded by private sector patronage which are meagre and unsustainable. You be "winch" for Jesus? You are a genius for real. |
Re: NN24, Nigeria's News Channel Folds Up by 13volts(m): 4:48am On Jul 17, 2012 |
same thing wit HI TV. |
Re: NN24, Nigeria's News Channel Folds Up by ektbear: 5:30am On Jul 17, 2012 |
floriana: NEXT and NN24 had similar problems - attempt at independent and objective reporting to be funded by private sector patronage which are meagre and unsustainable. lol 1 Like |
Re: NN24, Nigeria's News Channel Folds Up by Lisa1: 6:02am On Jul 17, 2012 |
Great |
Re: NN24, Nigeria's News Channel Folds Up by antitpiah: 6:06am On Jul 17, 2012 |
floriana: NEXT and NN24 had similar problems - attempt at independent and objective reporting to be funded by private sector patronage which are meagre and unsustainable. But John momoh is doing well and his business model cant be any more different from Dokpesi's. |
Re: NN24, Nigeria's News Channel Folds Up by floriana(m): 8:08pm On Jul 17, 2012 |
antitpiah: John Momoh is running cash and carry with slow but steady organic growth. He will go under if he attempts to owe half of Dokpesi's debt. 1 Like |
Re: NN24, Nigeria's News Channel Folds Up by DExplorer1: 7:44am On Jul 19, 2012 |
floriana: That's so true! He's really been careful of his decisions and i think that's why he's still in the business. It's very easy to pack-up in media business. |
Re: NN24, Nigeria's News Channel Folds Up by slimming: 10:51am On Jul 19, 2012 |
Power supply problem alone is capable of bringing any company down talk-less of mismanagement and many other issues. |
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