Continental Broadcasting Services Ltd (CBS), owners of Television Continental (TVC) and Radio Continental, on Friday confirmed the disengagement of 145 workers with immediate effect.
The group also announced the winding down of TVC News Africa to allow it concentrate on the key areas of its business.
A statement by CBS said: “This restructuring is geared towards repositioning the business for better and greater delivery of its services to audiences and advertisers alike. In line with these changes we are reconfiguring our workforce as part of the rationale to achieve our objectives.”
It, however, added that core channels consisting of TVC News Nigeria, TVC Entertainment and Radio Continental will become the main focus of the business going forward “where we will deliver high quality news and entertainment programmes to our audiences and advertisers across Nigeria and beyond.”
The CBS board of directors, the statement said “has also approved substantial new investment in our staff across the group of companies which will enable us substantially enhance our news and current affairs output on TVC News, entertainment programming on the market leading TVC general entertainment channel and our key radio asset Radio Continental.
“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.”
Founded in 2012, TVC began public broadcasting on February 28, 2013.
Former Governor of Lagos State, Bola Tinubu, is its chief promoter and the station is known to have a bias for the ruling All Progressives Congress (APC).
