Dr. Kwaku Oteng considering selling Angel Broadcasting Network over lack of profit
A former employee of the Angel Broadcasting Network (ABN) has recently shared claims that the company’s CEO, Dr. Kwaku Oteng, is considering selling his media empire.
The individual, who previously worked for the media conglomerate, revealed in an interview that Dr. Oteng had privately expressed dissatisfaction with the financial performance of his media ventures, particularly the radio and TV stations.
According to the former staff member, Dr. Oteng confided that he was growing weary of managing the media business, citing disappointing revenue streams as a key factor in his frustration.
Despite significant investments into the network, he reportedly lamented that he had not been seeing the returns he anticipated.
This financial strain is said to be pushing Dr. Oteng to look for potential buyers, with the intention of offloading the media assets and potentially closing down the Angel Broadcasting Network if a suitable offer is made.
As of now, Dr. Oteng has not publicly commented on these claims, leaving the reports unconfirmed.
There is no official word from the CEO or the ABN Group regarding the potential sale or shutdown of its media operations, and industry insiders are watching closely for any developments.
The Angel Broadcasting Network, known for its popular radio and TV stations across Ghana, has played a significant role in the country’s media landscape, making the possibility of its sale a major talking point.
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Source: NewsandVibes.com
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