Uhuru Kenyatta owned Media Max- K24 TV selling its former Studios

Uhuru Kenyatta owned Media Max- K24 TV selling its former Studios

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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.

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Longonot Place in Nairobi

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.

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Newly opened Inooro TV

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.

Finalist: Regional Reach Nairobi, Kenya This Kenyan media company was founded in 1994 to provide television to the country's large, information-hungry rural population—at the time a largely untapped market for advertisers. It has since expanded to include a leading radio station, Kameme FM, and most recently, Kenya's first 24-hour news and information TV station, K24, which covers the Nairobi region. The company broadcasts partly in English, Kenya's lingua franca for business but significantly also has programming in Kikuyu, Kiswahili, and other local languages that help it reach Kenya's diverse population. Regional Reach employs 104 people and has revenues of nearly $2 million. Prior to starting Regional Reach, Managing Director Rose Kimotho, 52, worked at global ad agencies Ogilvy & Mather and McCann-Erickson. "What holds businesses in Africa back is a lack of venture capital," says Kimotho. "The only way we are going to grow Africa is through business, and business is having people have faith in [you] and putting money behind the idea." She adds that small companies account for approximately 80% of businesses in Africa. "Those are the ones that need funding, not the big guys."

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.

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