THE FINANCIAL CHALLENGES AND SOCIO-ECONOMIC CONSTRAINS IN OWNERSHIP OF PRIVATE MEDIA INDUSTRY IN NIGERIA
Abstract
Private ownership in the media industry is over a long period of time has been solely a government venture and as such the monopoly of owner ownership of such business has been a government idea until recently with private individuals venturing into the industry as a business venture and opening up a keg of challenges confronting the ownership of such business. This study adopt the survey research method, using questionnaire and sampled the staff of AIT. The study findings reveal inadequate funding and financing of private media stations and finally recommended that adverts and a friendly democratic environment will encourage private ownership of the media industry in Nigeria.
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