Home Latest PM Newspapers Headlines News Today Obaigbena’s London TV station, Arise, shut over £3m debt

Obaigbena’s London TV station, Arise, shut over £3m debt


Funsho Arogundade
Nduka Obaigbena, Arise TV UK and ThisDay Newspaper boss
Arise TV, London-based global news network, owned by Nigeria’s flamboyant media baron, Prince Nduka Obaigbena, has been shut and on the verge being declared bankkrupt.
According to report by The Independent Newspaper of London, Ofcom, the United Kingdom’s broadcast regulator, has found ARISE TV in breach of its licence for failing to pay its annual licence fee by the required date.
The watchdog is facing calls for Arise, which broadcasts on Sky (but was removed from Freeview late last year) to be stripped of its licence.
The newspaper noted that the Television network faces a High Court winding up petition brought by a British television company, having only settled a similar action brought by another British publisher last year.
Obaigbena’s station is also said to be owing global news agencies which supply its pictures, including Reuters and Associated Press.
On 14 January, Aise, one of African television networks operating out of London, vanished from the airwaves.
The message beneath the logo of the station, which broadcasts on Sky channel 519 and which operates from prime studios overlooking Trafalgar Square, Buckingham Palace and Big Ben, simply read: “Normal service will resume as soon as possible.”
But The Indepedent’s check revealed that the channel’s problems are more than transmission challenges.
Obaigbena has employed many senior British journalists and is being pursued over a trail of debts – estimated at £3m and including nearly £1m owed to the station’s own workers.
It was said that the station previously went off air late last year as 62 Aise workers, supported by the NUJ and Bectu media unions, began collective legal action for £825,000 unpaid wages.
A skeleton team returned to work at New Zealand House on 11 January, 2016 after receiving cash advances of around £250 a day.
“Their view is that …Read More

Source:: PM Newspaper