City businessman Gaster Luke Ntake has sold off his Muganzilwaza based TV Station known as Delta TV after suffering massive expenses and loses to a stagnant station that has failed to make him money.
According to our snoops, we have been alerted that Ntake decided to let go of the TV station after realising that it had failed to break even yet operational costs were increasingly becoming unbearable for him.
He has left many of the journalists, programs directors, cleaners and other support staff confused, because many of them wonder if they will be paid.
Although it is now yet clear to whom Delta TV was sold, it is no longer a secret that management of the company has since changed hands yet Ntake, as Chief Executive Officer of the company, is not breathing a word about it.
Ntake is well known for his Bread and bakery business even although he has also invested heavily in real estate businesses with commercial arcades in Kampala.
