By Watchdog reporter
Fast rising television NBS is in the last stage of acquiring WBS tv, reliable sources tell Watchdog website.
WBS once a prominent local television promoted by tycoon Gordon Wavamuno, has been struggling financially in the recent past. The television went into receivership but Uganda Revenue Authority has also failed to collect the necessary money from the business to pay all its dues. It emerged that URA planned to deny workers their salaries as they squeezed the last water from the stone, a move let out of the bag by showbiz presenter Straka Mwezi.
Now enthusiastic media investor Kin Kaliisa, who already runs three televisions, has agreed with Wavamuno to acquire WBS and its assets. Wavamuno will settle URA arrears after receiving his cheque.
Kaliisa and his company have inspected the premises.
The deal will involve NBS television moving from Media Plaza in Kamwokya where they are renting, to WBS mansion on Naguru hill, which will be NBS property and home.
It’s not clear what Kaliisa is going to do with WBS given the fact that the television is a direct competition for his flagship television NBS.