Photo by Daily Monitor

WBS TV (Wavah Broadcasting services) Station was incorporated in October, 1997 and started broadcasting in January 1999. It is a pioneer, privately owned, free-to-air TV Station in Uganda that also broadcasts through satellite on DSTV, GOTV, Star Times to East, Central and parts of Western Africa. It will cease to operate as a public broadcaster on December 14, 2016 because of failure to repay a sh7billion tax debt, a source has told The Independent.

A statement signed by Kabiito Karamagi, the Receiver/Manager appointed by Uganda Revenue Authority to try and rescue the TV, confirmed the development that is a blow to now former owner Gordon Wavamunno.

WBS broadcast in majorly two languages; English and Luganda (the major local and commercial language in the country). It also has a daily news bulletin in Kiswahili. In 2013, WBS was celebrated 15 years of quality broadcasting. It boost of the first of its kind virtual studio in country that births better viewing and graphics.

"Unfortunately, this option proved un-viable on account of lack of capital to meet urgent needs necessary for the preferred turnaround strategies. As A result, the only option available was to sell the company's assets to realize the monies due," Karamagi said in his statement.

"I therefore wish to confirm the numerous media rumors that you must have read about that the assets of the company have been sold to a respectable regional outfit that promises to give you a much better product and partnership that WBS could possibly have ever given you."