BOL MEDIA – See who is getting salary of Rs. 2 CRORE Per MONTH!!

  • BOL’s Financial Feasibility Report LEAKED – In the report Media group valued at Rs. 100 billion with 20 Crore per month of profits.

  • Azhar Abbas, Kamran Khan and TWO MORE MEDIA PERSONNEL become billionaires (names given below in the article)

BOL Network entered the Pakistani Media Industry with an announcement that created a ripple effect among all the employees associated with the industry. With lavish salary packages unprecedented in the history of our media industry, everyone in the media industry you met is telling that he or she has applied for a job. Despite many naysayers doubting that a channel would ever go for offering such bountiful remuneration package, many known media personnel including famous anchorpersons and producers also expressed the desire for the media network – and apparently, they haven’t put their faith in wrong place!

With recently leaked BOL’s Financial Feasibility Report, the BOL’s “baray bol” do not seem farfetched! In fact, the report reveals the entire profit model on which BOL is planning to enter the market with all the buzz about them being the paymasters in the industry. The report shows BOL’s projected monthly expenses and earnings. Based on the profit earned on the projections, the report goes on to discuss the entire financial plan for BOL based on the competitor and market analysis.

BOL LEAKED REPORT Final

The revenue projections are based on the latest claimed revenue figures of the current market leader with revenue in the range of Rs 35-40 crore per month (GEO news in good old days before April 2004). It was assumed that BOL will become a market leader and is expected to earn revenue around 50-55 Crore per month. This NO.1 slot is something which now looks like pretty certain for BOL with the Kind of bang with which it is entering the market.

This revenue and summary of some broad expenses as shown in the feasibility are simplified below:

Total Earnings per month = 55 Crore Considering the 17 top names joining BOL earn upto an average figure of Rs 7,500,000/month, the expenses on their salary = 13 Crore (Approx. rounded figure)Salary of Other Employees= 10 crore

Other operating expenses = 12 Crore

Profit Expected per month = 550,000,000 – (130,000,000 +100,000,000 + 120,000,000) =

 

MONTHLY PROFIT OF RS 200,000,000 (200 million per month)

Another important factor in this report is the valuation of the company and how the equity is transferred to the employees. The company valuation of Rs. 100 billion might look like an underestimation. With a 5 billion paid up capital and 200 million per month of profits this valuation should be much higher than this when you compare it to HUM TV’’s (HUMNL) current Market Cap o Rs.12 Billion (the only publicly listed media company).

With 4 names mentioned in the report as ALREADY been awarded the ownership in the group through distribution of share certificates, namely: Azhar Abbas, Kamran Khan, Amir Liaquat and Jerjees Seja, BOL TV is surely turning them overnight into billionaires! The concept of such wealth distribution along with ownership is alien to Pakistani market but it is not a concept unheard of internationally; with top companies like Facebook etc making many top level officials overnight billionaires through distribution of Stock options.

This distribution of wealth among the employees without hoarding the entire profits only for the Seth, is surely a welcome change in Pakistani Media Industry. The Profit earned that has been used to build personal empires abroad with millions of dollar spent by the Seths of the media industry on lavish houses and Rolls Royces will now be distributed among the employees who actually work for the organization. With competition rising through BOL’s entrance and taking the first step in this direction, this is hoped to evolve in to a practice among all media houses to value their most important resource – Human Resource by giving them competitive benefits as well as stake in the media empires to empower them.

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Big Names in Pakistani Media Making the Move to BOL TV

  • Kamran Khan, Talat Hussain, Shahzeb Khanzada, Jasmine Manzoor among the names billed to be the part of BOL Network.

  • Top Management and Technical Staff of other Media Houses also rumoured to make the move.

Summer is not over yet in Pakistan but the Big Birds of Pakistani Media have already started the migration to warmer and greener pastures. With the advent of Bol Network in the Pakistani Media, a shock wave has been created, ripple effects of which can be seen throughout the media scene in Pakistan. From Newscasters & leading Anchorpersons to the top management of all leading media groups of Pakistan have allegedly signed on to become the part of , what Bol TV terms as, “The Media Revolution” in Pakistan.

As per the latest buzz in the media circles, many big names in Pakistani Television and Print industry, including Geo Network’s pioneer anchorperson Kamran Khan as well as previously associated anchorperson Sana Bucha, Express News’ Shahzeb Khanzada, Director (News) Dawn News Zahid Mazhar and Samaa TV’s previously headlining anchor Jasmine Manzoor, are billed to be the part of the upcoming Bol Network. The resignation by Express News’ senior anchorperson Talat Hussain is also reported to be a step towards joining the same group. Many renowned newscasters such as Ayesha Bukhsh and Junaid Ahmed have also been approached reportedly.

Other than the on-camera professionals, the top management and technical staff are also said to be making the move to BOL; with MD Geo Network, Azhar Abbas resigning from GEO network already rumored to already have joined BOL TV.

While few consider this pool of powerful media personalities at one platform a red flag for all other media houses who would have to face a tough competition from a newcomer in the race for ratings and ultimately, advertisement revenue; many journalists and media personalities consider the start of BOL TV a change, that will provide good working conditions and employment opportunities for the present and upcoming media professionals. Along with it, a new media house with a pool of experienced  media professionals might put an end to the tyranny created by a few media houses and will prove to be a step towards developing a more mature and responsible Pakistani media. Only the time will unfold if the claimed media revolution will do its bidding or not.

The True Story behind Managing Director GEO News Azhar Abbas’ Resignation

• “MKR Foundation Scandal for Putting Editorial Endorsement for Sale” among the Reasons for Resignation


• Expresses “desire to build an organisation that not only excels in journalism but also offers better working conditions for journalists

Rumors have become reality. The news of resignation of Managing Director Geo News, Azhar Abbas spread like the fire in the jungle among the media circles of Pakistan on Thursday, 15 August 2013. Among many issues reported by various insider sources, the infamous GeoNewsLeaks Scandal is cited as one of the main reasons for this resignation.

The buzz about Mr. Abbas’ resignation was a hot topic among media personnel, especially Geo employees, which became stronger only after Azhar Abbas was allegedly “on leave flying for vacations” in the first week of July but ended up not catching his scheduled flight. The rumor mill about him turning in his resignation grew stronger in his absence but neither Geo nor Azhar Abbas himself made any announcement.

This falling among the internal higher management caused further unrest among Geo employees when their salaries were not disbursed on time, even before Eid. The grapevine among the media circles was filled with reports of Mr. Abbas joining the upcoming BOL Network after Eid.

After much buildup and speculation, the news of his resignation was confirmed only after Mr. Azhar Abbas circulated this goodbye memo among the fellow Geo employees:

Dear Team Geo,

I write this email with a heavy heart. A heavy heart because I have come to conclusion that there is only so much that I can do for all of you, while working here.

It is only due to you that we realised the dream of making Geo the premier news channel of the country.

Any leader in my position would struggle to count their blessings. It was a rare and distinctive privilege to lead a team with such creativity, professionalism and commitment.


As you extended unflinching support to me, I assure you I was equally committed to your professional excellence and better working conditions. I acknowledge I may not have been able to deliver all I wanted. But, I am sure, this will remain an ongoing process and soon you will work under better terms and conditions.


And now for the most difficult bit: I have decided to leave and pursue other career options.


I have faith in your ability and I am sure GeoNews’s quality and place in the market will remain unaltered. No matter what you do make sure your commitment to excellence remains singular and Geo will continue to fly.


A part of me will always remain here. But I am taking with me the desire to build an organisation that not only excels in journalism but also offers better working conditions for journalists.


I wish Geo and each one of you the best of luck. I will not even try and thank you for all your hard work and support for words fail me.


Love and Regards


Yours

Azhar Abbas

While the departing memo shows no signs of bad blood or bitterness between Geo Network and Azhar Abbas, our sources inform that among many other issues, the much talked-about GEO NEWS LEAKS scandal, pertaining to the Mir Khalil-ur-Rahman Foundation’s plea for funding from U.S government putting its Editorial content for sale, was the main reason for his resignation. Mr. Azhar Abbas was reportedly not happy being associated with a media organization that would put its editorial board on sale, considering this act as annihilation of journalism ethics and morals. With already brought back half-heartedly after much persuasion of Geo’s higher management, the scandal served as a final boarding call for Mr. Azhar Abbas and he decided to go on with his resignation.