The wave of job losses that has recently been sweeping across the Kenyan media industry is still strong in the air and the storm seem to have landed at the doorsteps of Fountain Media Group, the umbrella media house for WTV,
Reports indicate that the media house is facing tough financial times which have made it hard to sustain its operations, pay its space rent and remunerate staff as well. On Friday 2 December 2016, the media house television channel WTV went off air after the Kenya Broadcasting Corporation stopped distributing their Digital Terrestrial Television (DTT) signal. This is after FMG failed to pay Signet, a subsidiary of KBC which distributes their signal frequencies.
Since it began its operations, the Fountain Media Group has struggled to reach the break-even point in their business.
The events have since sent shivers down the spines of its employees who are now facing imminent job losses. Key in the FMG team is Johnson Mwakazi a darling of many media lovers in Kenya. Prior to joining FMG as the media house’s CEO, Mwakazi had been co-hosting Citizen TV’s Power Breakfast show with Mutegi Njau.
Loved by many not only for his professionalism and good looks, Mwakazi also has great fluency of the English language and a deep admirable voice.
The Fountain Media Group’s unfortunate events are unfolding just a few weeks after Royal Media Services sent home a host of its staff including renown business anchor TerryAnne Chebet and Kirigo Ng’arua in a wave of retrenchment aimed at restructuring its operations and cutting down costs.
However there is a silver lining to FMG with reports indicating the media house is strategically planning to be back on air within the first quarter of 2017 with a much leaner and affordable workforce.