The Lower Eastern Times Opening The Third Eye
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The closure of The Nairobian, a publication owned by the Standard Media Group, has been confirmed through an official statement.
Renowned for its coverage of gossip, entertainment, politics, and sports, the newspaper bid farewell to its readers as it made the transition from print to digital platforms.
In the statement, The Nairobian expressed gratitude to its readers for their support over the years, acknowledging the end of a significant chapter while preparing for a new digital journey.
The decision to cease print operations for The Nairobian comes amid ongoing financial challenges within the cash-strapped Standard Group.
The media conglomerate has faced substantial talent loss, with rival organizations attracting its personnel. Despite housing prominent brands like KTN News, KTN Home, Radio Maisha, Farmers TV, Burudani TV, Spice FM, and Vybez Radio, the company has struggled financially, reporting profits only twice in the past decade.
With its workforce reduced to approximately 871 employees last year, the Standard Group has grappled with meeting financial commitments, including salary payments for its journalists. The issue of delayed salaries has persisted, impacting both contract writers and permanent staff.
The silence from the media industry regarding these challenges has raised concerns about corporate governance within publicly listed companies like the Standard Group.
