Nation Media Group - Business Today Kenya

NMG Kicks Out Senior Editors and Managers as it Shifts Gears

by BT ReporterCareers MEDIAJuly 2, 2020July 2, 2020

Reports reaching Business Today paint a ruthless restructuring that will leave Nation Centre numb for some time.

by BT ReporterMEDIA NEWSJuly 2, 2020July 2, 2020

NMG says it has put in place arrangements to provide the necessary support for exiting staff to manage this difficult transition.

The restructuring follows a pay cut of 5% for the lower end of the target group and 35% for the high-end effected from May 2020.

by BONIFACE KASEMBELIMEDIAJune 9, 2020June 9, 2020

The decision to implement the waiver was reached during a Special Council Meeting on Friday 5th June, 2020 where the governing body of the MCK.

NMG earnings have been on a downfall over the past four years. In 2019, the group recorded a 23% drop in profit before tax to Ksh1.3 billion.

by BT ReporterCareers MEDIAMay 7, 2020May 7, 2020

Mediamax announced a pay cut of up to 50% as a strategic move to keep expenses low during the Covid-19 economic slowdown period.

by BT ReporterMEDIAApril 29, 2020April 29, 2020

After two months of putting on a brave face, NMG has finally yielded to the inevitable cost-cutting measures taken by its peers.

by BONIFACE KASEMBELIEconomy MEDIAApril 23, 2020April 23, 2020

The move seems to be generating more problems than the most sought-after relief for managers in media companies.

by BT ReporterEconomy MEDIAApril 22, 2020April 22, 2020

The management, which appears to be avoiding salary cuts, is however tightening the screws on employees working from home.

by Samuel GitongaBusiness MEDIAApril 20, 2020April 21, 2020

The company is trying to navigate an industry problem- the loss of ad revenue