Word reaching our desk indicates that businessman Aga Khan is contemplating selling off his local radio stations Kfm and Dembe FM over bad business.
And this comes just weeks after he sold off Air Uganda. Sources close to the Aga Khan family tell this website that the tycoon wants tocut his losses and dispose off the radio stations.
According to sources the two radio stations have been struggling with advertisement revenue still very low. Well, at least according to Aga Khan standards.
We hear while Kfm records around shs120 million in advertisement revenue every month, Dembe FM is doing rather badly at just over shs50 million.
“To Aga Khan, this is just peanuts. It is unacceptable,” said a source.