ARY CEO announces BOL TV takeover
KARACHI: In a startling development, ARY Digital Network Chief Executive Officer Salman Iqbal announced that the media group has taken over management of BOL TV.
Speaking today at a ceremony arranged at the BOL TV office, Iqbal said the upcoming channel will start its broadcast in three weeks. The ARY CEO further said that clearing the pending salaries and unpaid dues of BOL employees would be a key priority.
He also vowed to keep the remuneration packages offered to BOL employees as promised. "The driving force behind this decision was our mission to try and ease the difficulties faced by media persons," said Iqbal.
Earlier, the Pakistan Electronic Media Regulatory Authority (Pemra) had ordered the management of Bol Television in May to stop their transmission until the directors of their parent company Axact were exonerated from charges of fraud and money laundering. Axact's directors are currently facing charges in the wake of a massive fake degree scandal, which was exposed by The New York Times.