After the Axact scandal of fake degrees earlier this May, the fortune of the baby channel BOL TV was in danger.
Mubasher Lucman’s Tweet, where he announced that ARY has officially taken over BOL TV, left the whole media industry in a furry:
— Mubasher Lucman (@mubasherlucman) August 18, 2015
Shoiab Sheikh, the CEO of Axact, will address his employees shortly from jail; other executives of the company are also travelling to Karachi for a meeting.
ARY will take over BOL’s management from tomorrow on a 45%-55% share formula. Salman Iqbal will be the new CEO of BOL TV.
Bol is airing this news under the title of “Majboor transmission”.
The media is still waiting for an official announcement from both channels. In the meantime,
BOL(o), BOL(o), ARY BOL(o)!!