Editor's Review The company says the earnings for the financial year ending December 31, 2023, will be lower than the earnings for the previous year by at least 25 per cent. The Nation Media Group has issued a profit warning to its shareholders as the financial year nears its end. A notice issued by Company Secretary Angela Namwakira said the company has faced tough economic times. The company has however exuded confidence that cost-cutting measures and innovation carried out will be key in rejuvenating the company's earnings. “The Board remains confident that the investments we have made to accelerate product innovation, diversify revenue streams, and transform the organisation into an agile, customer-centric, and data-driven media company will deliver long-term shareholder value.”Nation Media Group owns NTV Kenya, NTV Uganda, Nation FM, Daily Nation, Daily Monitor (Uganda), and Mwananchi Newspaper (Tanzania) among many other products.

Source: Daily Nation October 26, 2023 14:00 UTC