Bernama TV faces RM14m losses in first year, million-ringgit lawsuit. YB Wee Choo Keong had the scoop on the Bernama TV fiasco here.Exceprts:
Bernama or Malaysian National News Agency is an authorised body set up by an Act of Parliament in 1967 and started operation on 26 May 1968. It provides Malaysian news including politics, business, economy, commodities, executive reports and sports, in real time.
Bernama TV, on the other hand, is a private enterprise that involves the 4th Floor boys and some other private individuals. Moreover, the company is now reported to be owing Bernama or the authority over RM10 million in debts.
I did a bit of digging around after reading Wee's blogpost. Seems like the losses amounted to more than RM14 million. Pretty bad for one year, won't you say? Anuar Zaini, who was appointed by ex-PM Abdullah Ahmad Badawi to replace Kalimullah Masheerul Hassan as Bernama chairman, hasn't responded to Wee's posting, as far as I know.
In my probe, I also found out that one of the content providers has had to close shop because Bernama TV failed to honor payments for services rendered. His company is preparing to file a suit worth a couple of million ringgit against Bernama TV.