Indus News closes down for two months
JournalismPakistan.com | Published: 14 September 2021
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Indus News has temporarily closed for two months, prompting concerns from the Rawalpindi Islamabad Union of Journalists. Financial challenges are impacting operations and staff.Summary
ISLAMABAD—Rawalpindi Islamabad Union of Journalists (RIUJ) has shown severe concern over the sudden closure of Indus News TV.
In an email sent to Indus News employees, the management stated that the channel would close down temporarily for a period of two months, citing "unavoidable legal and technical issues."
Reportedly, the management is considering terminating around 250 staff members, a source disclosed. Currently, salary for half-month has been paid to the staff.
There have been speculations that Indus News was incurring losses month after month and was not proving to be a sustainable business model despite the management's efforts.
The channel is owned by property magnate Malik Riaz Hussain, who owns Bahria Town, one of Pakistan's most prominent private housing companies.
KEY POINTS:
- Indus News to close for two months
- Concerns raised by Rawalpindi Islamabad Union of Journalists
- Management cites legal and technical issues
- Speculations of potential staff layoffs
- Channel owned by Malik Riaz Hussain
