In a hurry? Here’s a quick summary…
- Standard Media Group addressed the immediate needs of a freelancer who threatened suicide over salary delays in a viral video.
- The company is facing financial difficulties, leading to the closure of KTN News and potential layoffs.
The Standard Media Group has taken swift action to address the immediate needs of an employee who appeared in a viral video threatening suicide due to salary delays.
The video, recorded at the company’s headquarters on Mombasa Road, featured the staffer expressing frustration over delayed payments and demanding to be compensated.
In response, Standard acknowledged the distress caused by the salary delays, stating that the company is working diligently to resolve the issue despite facing significant financial challenges.
The employee in question, a freelancer currently on sabbatical, was promptly assisted following the incident.
Standard, the country’s oldest privately-owned media house, has been grappling with severe financial difficulties in recent years, largely due to the disruption caused by digital media.
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The financial strain recently led to the closure of KTN News, Kenya’s flagship 24-hour news channel, as part of cost-cutting measures.
The company also announced plans to lay off 300 employees, citing the tough economic environment and declining revenue.
There are rumors that other channels owned by the media house, including KTN Burudani and KTN Farmers TV, may also face closure.
The company has urged those experiencing mental health issues to seek help, offering support through the Kenya Red Cross toll-free hotline, 1199.