According to The Vanguard Newspaper, a total of 145 Staff of Television Continental (TVC) have been laid off. The Board of Continental Broadcasting Services Ltd (CBS) which owns Television Continental and Radio Continental said that this measure was taken to better re-position the organization, the board had announced this on Friday, 2nd June, 2017. The company is now being restructured and the company would focus on TVC News Nigeria, TVC Entertainment and Radio Continental and TVC News Africa is currently being closed, in order to allow the company concentrate on its core business and provide the best quality of Service to its audience and advertisers. The Board said they take staff welfare serious and that the workers which were affected would be adequately compensated and also there is a programme of assistance to enable the affected staff to seek new employment.
Continental Broadcasting Services Ltd (CBS) is reportedly owned by Chief Bola Tinubu of Lagos State