Saturday, November 12, 2022 –Staffers at the once-glorious city media station Capital FM have been asked to prepare for a 40 percent pay cut starting from this December.
The unexpected move was announced in a meeting held this week and presided over by Managing Director Feisal Baghazal.
Mr. Baghazal argued that the financial crisis coupled with difficult economy had triggered the changes which everybody must take with grace or quit.
“We will take a salary reduction 40 percent. If you earn sh 100 you will get sh 60 only. This is something we cannot argue about,” Baghazal announced.
He also cited a tremendous drop in advertisement revenue which every media house depends on for their survival
In his Friday November 11 morning meeting, the MD clarified that no one was being victimized in the salary cut since it is going to affect everybody.
Since the death of the owner, Chris Kirubi, the once giant media station that used to hire who is who in the media industry has been reduced into a shadow of former self.
