TVC explains sack of 145 TV, radio staff

Continental Broadcasting Services Ltd (CBS), owners TVC and Radio Continental, have fired 145 members of staff in which the Board on Friday issued a statement saying the decision was part of its effort to restructure the enterprises as part of the re-positioning measures.

The statement reads:

“A total of 145 people are affected by Friday’s announcement.’’

“We wish to make clear that our core channels consisting of TVC News Nigeria, TVC Entertainment and Radio Continental, will now become the main focus of our business going forward, where we will deliver high quality news and entertainment programmes to our audiences and advertisers across Nigeria and beyond.

“The winding down of TVC News Africa will allow us to concentrate on these key areas of our business.”

“For those staff members affected by today’s announcement, the Board of CBS Ltd has approved a generous severance package, in addition to a programme of assistance to enable them seek new employment,’’ the statement it added.

TVC and Radio Continental is reportedly owned by Chief Bola Ahmed Tinubu, National Leader of the All Progressives Congress (APC) and former governor of Lagos State.