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{
    "id": 152531,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/152531/?format=api",
    "text_counter": 250,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The other aspect that I feel strongly that I should comment on is the issue of K24, Ghetto FM and the KBC ventures. Due to K24 TV’s poor performance, the KBC and Regional Reach Limited mutually agreed that the former withdraws from the joint venture effective 1st March, 2009. According to the agreement, the KBC would not shoulder the liabilities or part thereof that the joint venture had incurred between its inception and March, 2009. The Corporation, in consideration thereof, permitted Regional Reach Limited to continue running the business independently. However, Regional Reach Limited undertook to pay the KBC for the use of the spectrum and infrastructure as from 1st March, 2009. On Ghetto FM, the Corporation is waiting for the Communications Commission of Kenya (CCK) to formulate a legal framework on community broadcasting service before deciding on the way forward. However, Ghetto FM, being a donor-funded project has no cost implications on the Corporation. On whether the KBC invested the Kshs400 million in K24 as alleged by one hon. Member, I wish to state that the Corporation did not invest any such amount or any part thereof in sessions. The KBC’s contribution was in two broadcast frequencies which had hitherto been idle and which the CCK had threatened to repossess for non-use. The joint ventures were intended to widen the revenue base for the Corporation."
}