In a recent development, Al Kabir Developers, a prominent Pakistani real estate developer, has completed the acquisition of both News One and Waseb channels. This move highlights a growing trend in which real estate companies find it essential to have a stake in the news media to effectively manage their interests within the real estate sector.
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Initial reports had indicated that Chaudhry Aurangzeb of Al Kabir Town was eyeing the acquisition of all three channels, namely TV One, News One, and Waseb, which were previously owned by the advertising magnate Taher A Khan. However, it is now confirmed that TV One will continue to operate under the ownership of the Interflow Group.
According to sources in Karachi, Omar Ahmed has been appointed as the Chief Operating Officer (COO) and will soon assume his responsibilities in Lahore.
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Al-Kabir Developers has rapidly risen to prominence since 2016, transitioning from individual buildings to comprehensive housing and community development projects. Their claim to fame lies in the successful launch of the 3-marla housing scheme, and they have consistently delivered on the projects they’ve undertaken, a testament to the leadership of their Chairman, Chaudhry Aurangzeb.
News One, a Pakistani Urdu-language TV channel headquartered in Karachi, made its debut on November 27, 2007. It is owned by Air Waves Media Ltd, a subsidiary of the Interflow Group, which also holds ownership of TV One, Waseb TV, and FM91.
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MediaBites extends its best wishes to Chaudhry Aurangzeb, Omar Ahmed, and their dedicated team as they embark on the formidable journey of elevating News One to the status of a premier news channel in Pakistan.