Update: Mass Sack Hits TVC, Radio, Rests TVC International

Television Continental (TVC) and Continental Radio, owned by National Leader of the All Progressive Congress (APC), Senator Bola Ahmed Tinubu, has sacked a total of 145 staff.
It was gathered that they were sacked based on dwindling revenue which is making it difficult for the company to remain afloat.
It was gathered also it closed down the international arm of the station, TVC International.
TV Continental and Radio station are among Nigeria’s top television and radio stations, having carved a niche for themselves in news gathering and entertainment.
They started majorly as a news arm of the APC to counter propaganda from then ruling Peoples Democratic Party (PDP).
This was after the former Lagos State Governor had acquired the defunct The Comet newspaper, which later transmuted to the Nation newspaper.
The mass sack, it was learnt, was the outcome of Friday’s town hall meeting with the Chief Exevutive Officer of the company.
The broadcasting outfit was said to have invited all staff from across the country for the town hall on Friday where the news was broken to them.
According to the CEO, the sack became imperative because the stations are not commercially viable.
He said TVC Nigeria and radio are not making enough money to cater for TVC International.

Author: News Editor

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