Why does malik Riaz shut down AAP News channel today?
The chairman AAP News Malik Riaz Hussain has shut down Lahore Based News Channel AAP News today giving sudden notice to workers and employees working for the network on Saturday evening.
The administration of AAP News has issued notification citing that the employees will be given full salary of current month, while, channel management will pay employees salary for next three months on every 5th date of the month.
AAP News was working from Lahore and recently it was headed by business tycoon Malik Riaz Hussain after prominent journalist Aftab Iqbal had withdrawn from the channel.
According to sources, Malik Riaz had shut down the channel after he had conflict with the body of board of directors who were shareholders of the channel as well. Malik Riaz Hussan had not sole ownership of the channel due to which it was difficult for him to ensure strategies dear to him for the channel. According to sources of higher ups he had conflict with Aftab Iqbal few days back over supporting PTI beyond necessary. Therefore, being a major shareholder , he withdrawn from the channel and ultimately other members of board had to withdraw from channel and Malik Riaz finally decided to shut down channel.
Moreover, Malik Riaz Hussain has also shown his interest to launch his own channel by his sole ownership very soon.
The shut down of AAP News has ballooned the existing crisis of unemployment for the journalists across the country.