Kenyanbusinessfeed.com has learnt the Standard Media Group is strugling due to the low numbers of buyers of its main products Newspaper, and some new TV stations i.e. Farmers TV, Spice FM and KTN Burudani.
The source who spoke to the editor of this site accused the Group’s CEO Orlando Lyomu of mismanagement and lax leadership style.
“The CEO has mismanaged the firm and can you imagine he is thinking of signing a contract with a competitor for newspaper distributio?”, said the source who spoke to KBF on condition of anonymity.
The impact of Covid-19 on media has been enormous as people are told to social distance and to use digital currency, they also shun newpapers which require physical handling beliving it is a high risk for potential spread of the virus.
The media house, Kenyanbusinessfeed.com has learnt, intends to fire 173 employees this may.
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