K24 and its radio station, Kameme, Milele, Mayian and Meru FM relocated to new studios located on Kijabe Street at DSM place leaving the old studios intact at the Longonot place which is on the same street.
It has now emerged that Media max is selling the old studios to fully occupy its offices at the DSM place a building they are said to have acquitted with Sh. 300 million.
The move is said to be a way of cutting operation costs as well as prepare for next year which is an election year. In an advert on their newspaper publication ‘The People Daily’ the company is selling its studios at undisclosed amount of money.
Media Max is rumored to be starting its own Kikuyu TV station thanks to the investors who injected 4 billion into the company so that it can capture its lost glory. The station is expected to rival Royal Media’s Inooro TV which recently beat K24 in viewership.
Rose Kimotho the former owner of K24 and Kameme FM is rumored to be interested in acquiring the empty offices to host her Kikuyu TV station 3-Stones which have its operations in Westland’s Muthithi Road.
The Media Max had been occupying the rented place at Longonot place which also hosts BBC Kenya and had their studios constructed in 2012 by Israeli engineers. By operating from DSM Place, Media Max will have gone a step further by operating from its own premises.