NewsWatch Magazine Suspended

Newswatch, one of Nigeria’s oldest news magazines, has suspended publication from this week in order to carry out a process of turn around and re branding. The Chairman of the Board of Directors and publisher of the magazine, Barrister Jimoh Ibrahim, OFR, announced the suspension in Lagos yesterday. The decision followed a two-hour meeting with management and staff of the company held at its Oregun, Lagos office. Addressing the staff, Barrister Ibrahim announced that the company would henceforth operate from the head office of the Global Fleet Group on Broad Street, Lagos Island. Ibrahim, who said he invested in the magazine because of his respect for journalism and for love for the cause the late Dele Giwa died for, also commended the journalistic contribution of the editorial staff of the company, adding that the magazine, regrettably, was due for “corporate surgery.” He said: “In my capacity as the publisher of Newswatch magazine, and the Chairman of the Board of Directors, I hereby suspend the publication of Newswatch magazine from the newsstands with immediate effect.” The publisher told the staff that the decision was already approved by 51 per cent shareholders of the company, which is the Global Media Mirror Limited. He reminded the staff of Newswatch that National Mirror newspaper, now competing favorably with its peers in the country, also went through a similar rebirth. Ibrahim also told the workers that the suspension was to, among others, enable the group to overhaul and reconstruct the old office of the company. Promising that no worker would be sacked, the publisher, however, said that “any staff not in agreement with the latest development is directed to collect any outstanding salaries from the Accounts Department immediately. “I commend the publishers of The News magazine for operating in a modern office with new technology, while I see the Tell magazine’s facelift and re branding as unprecedented in the history of Nigerian journalism. Newswatch cannot be an exception to modern changes and the old style must go once and for all.” Ibrahim, who acquired majority stake in Newswatch in May 2011, also thanked the readers and customers of the magazine for their un alloyed loyalty, while assuring them that the magazine would return to the newsstand “as soon as the surgical operation is completed and the magazine is re branded”

Osaro Agho