The management of The Observer newspaper has described as “fake news” reports that have been circulating alleging that the newspaper has been bought by another news company.
The reports which emerged mid week claimed that the Observer had been sold to Next Media Services, a multimedia company that includes NBS TV, Sanyuka TV, Nile Post and other subsidiaries.
But The Observer has issued a statement refuting these claims.
“There is fake news doing rounds on the socialmedia that The Observer Media Limited (OML), the publishers of The Observer newspaper has been sold to Next Media,” the statement released by the management of the weekly paper read.
It stated that it has “not held any meetings with any entity concerning the sale of shares”.
“The OML is still as intact as it has been for the last 13 years. Therefore, all the information being circulated in regard to the sale of shares to Next Media is fabricated and should be ignored”.
It says that no deal regarding a merger or sale has been reached.
The Observer has condemned the online news blogs that ran the fake stories for failure to seek clarification from the management of OML to confirm the speculations.
“The OML management would like to assure its clients, readers and general public that nothing has changed,” the statement reads.