KAMPALA – Record TV Network, a commercial television broadcaster based at Kira Road in Kampala has officially closed its business operations effective March 31, 2021.
The station, owned by a 67 year old television company based in Sanpaolo, Brazil has been in existence in Uganda since 2006, making 15 years of operation in Uganda’s capital Uganda.
According to the Ezekiel Motoseneng, the managing director of Record TV Network Uganda, most advertisers especially on the European Market, that feed the record TV network were adversely affected by the COVID-19 pandemic, which eventually affected their commercial strength to continue operations in Uganda.
Motosoeneng explained at the press conference that the closure of the TV station was also partly because the broadcaster could not achieve their targets in Uganda, and as a result, the shareholders chose to focus their interests elsewhere.
He added that arrangements have been made to ensure that advertisers and staff are duly compensated.
Emmanuel Sanya, the Head of Communications at Record TV says that the decision will affect at least 32 members of staff, who however have been compensated with a payment of three months salary as the company winds up business.
He said they had gone through all the necessary discussions with their employer and all the staff are satisfied with the terms and conditions.
A staff who requested not to be named said it was a difficult time for them now that they have been laid off but added that they were ready to move on.
However, Record Radio, the sister organization to Record TV will remain in business, according to Kasinamaone Tawanda, the Radio’s Managing Director.