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Kenya: Standard Group Refutes Bankruptcy Reports

Kenya: Standard Group Refutes Bankruptcy Reports

Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-03-27 15:34:04

The Standard Group faced rumors of bankruptcy and closure on Wednesday, March 27. However, the organization quickly refuted these claims through a statement issued by the Acting CEO, Joe Munene. The statement emphasized that the circulating information was false and aimed at tarnishing the company’s reputation.

The media house assured its audiences, customers, suppliers, staff, shareholders, and other stakeholders that the services provided across all broadcasting platforms would continue without interruption. Despite facing a challenging business environment and delayed payments, the Standard Group remained committed to serving its customers and fulfilling its journalistic duties.

The CEO condemned the malicious attacks against the media house, stating that they were designed to disrupt their dedication to journalism and public interest. Social media users spread false information alleging that the Mombasa-Road media house was on the verge of liquidation. Fake headlines and a trending hashtag contributed to the misinformation, creating panic among the public.

Employees within the institution also reported financial struggles, with some claiming they had not received salaries for up to eight months. These financial challenges, coupled with a hostile media environment, made it difficult for the Standard Group to operate smoothly. Despite these hurdles, the organization remained committed to transforming its business and adapting to the changing market conditions.

To counter the false claims, the media house clarified that all operations were running smoothly, and there were no plans to shut down. The Standard Group’s reputation and integrity were at the core of their response to the online rumors. Additionally, a fake internal memo circulating on social media, claiming to be from the Group Managing Director, was debunked as false.

In an effort to address the misinformation, the media house displayed photos of their studios along with their official statement. This visual representation aimed to reassure the public and stakeholders that the Standard Group was operational and focused on delivering quality journalism.

As the situation unfolded on social media, the Standard Group remained transparent in addressing the rumors and ensuring that their audience was well-informed. The organization’s commitment to upholding journalistic standards and serving the public interest remained unwavering despite the challenges they faced in the industry.

In conclusion, the Standard Group’s swift response to the false claims of bankruptcy and closure showcased their dedication to transparency and integrity. By debunking the rumors and reaffirming their commitment to their stakeholders, the media house demonstrated resilience in the face of adversity.

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