BOL TV Has Been Bought by ARY News

Bol TV has been bought out by ARY News. The confirmation for the news arrived from Mubasher Lucman and Waseem Badami. In around two hours, all employees will be addressed by Shoaib Sheikh from jail.

All of the news heads, bureau chiefs and executives of Bol TV has been summoned to Karachi but have not yet been informed of this development.

The deal has been jointly agreed by the management of both channels and confirmation should be arriving on around two hours.

According to Lucman, a percentage formula has been agreed between both parties.

BOL TV was earlier planned for a massive launch during 2015. It had been buzzing about the change that BOL TV had planned for media industry of Pakistan with all the big guns it had hired for a long time.

However, Axact Scandal engulfed the whole company and all subsidies including BOL TV after which senior management (senior journalists) of BOL TV resigned from their positions and moved to other TV Channels.

Sohaib Sheikh, CEO of Axact and BOL TV, has time and again claimed about the state of art solution that BOL TV has employed for its transmission. With ARY News now acquiring the management of BOL TV, we will have to see how will it impact the industry as a whole.

This is a developing story and we will add more details as we get them.

Update 1

ARY News is now flashing a ticker that biggest news story of Pakistani media industry is about to be broken by ARY News in a while.

Update 2

ARY News is reporting that Salman Iqbal, CEO and President of ARY Group, has taken over the management of BOL Network.

Salman Iqbal, in his keynotes from BOL Network auditorium, confirmed the news and said that BOL TV will operate as a separate entity and will be officially launched with-in three weeks from today.

Salman Iqbal said that BOL TV will continue to work independently with its same vision and mission with only one difference that ownership has been changed now.

Mr. Iqbail said that all BOL TV employees will be retained with similar packages and facilities and in fact he announced that all pending salaries of BOL employees will be cleared immediately.

    • seems to be Hostile takeover.

      Salman and Iqbal lakhani “Oye yeh lay paisay aur Chalta bun, ab nazar na ana idher” ha ha ha

    • Salman Iqbal once use to have a corner in MCB, both brothers known for “Halwala” and now tycoons.

  • Yeah sub drama that bol TV pehle hi ary walon yani k ary ki back per jo hain unka tha.

  • Mubasher lucman always with ary now the game is clear they known bol tv never get license after axect scandal so both wasim badami and mubasher lucman ex ARY team join ary again and i think these 2 said to buy bol tv hope this channel runs independently and give correct news

  • A convict will address ceremony from jail. Wah ry govt. Sheikh is a clever guy, but his arrogance got to him. Axact and Bol should have been separated from the very first day. Now, he lost Axact and Bol both. With Bol on its feet earlier this year, he should have sold Axact and its operations when he had a chance. In that case, he would have a lot of money, a gigantic news channel and NO jail.
    I still respect him for his wits. He used mere websites to make at least half a billion dollars.

  • I was wondering how ARY bought that channel. Bol has invested too much and was about to become biggest channel and no channel in Pakistan have enough money to buy bol network no matter under what circumstances.
    Waiting to see the contract between both parties which I knew never going to be emerge.

    • Bol didn’t invest shit! Axact did! Now that Axact is gone, the funding to Bol has gone too!

    • The contact must be some sort of sharing for a specific period of time. Once Shiekh sb complete his jail tenure he will come back

  • I 100% agree with you as there are no ethics and credibility when it comes to Media and Harram (Jaali Degree) becomes Hallal when two wrongs come together, its even worse then Altaf Hussain coming back on all channels.

  • dhakkan, a person is “convict” when the accusations are proved in a court of law and the person is sentenced. Until then, such person is called “accused” in the eye of the law.

  • Bol was built on a money they earn from axact.
    Now bought by ARY.
    From where that money comes from?

    • To mere bhai yahi point mera tha.. that BOL itself didn’t invest anything! first the funding was coming from Axact and now it would be ARY

    • Bol and ARY both have been bought by Malik Riaz (real estate tycoon) shoaib shaikh and salman memon are just his workers and front men. This news is authentic.

  • What about the equipment, machinery etc. purchased for BOL TV which obviously purchased through the fraudulent and black money earned by selling fake degrees at Axact.

    So ARY purchased BOL TV means they paid money to get BOL TV infrastructure which was established using black money.

    Wow so called very true Pakistani ARY guys is it fair to purchase black money infrastructure.

    Looks like Shoaib Sheikh is more intelligent, he used black money to establish BOL infrastructure and then purchased it to ARY guys which suppose to have white money.

    Great deal for Shoaib Sheikh and shame of ARY to get black money infrastructure.

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