Zambian regulator suspends three broadcasters for conduct during election
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
LUSAKA (Reuters) - Zambia's broadcasting regulator on Monday suspended the licenses of three private broadcasters, saying they had posed a risk to peace and stability during this month's presidential election.
President Edgar Lungu narrowly won the Aug. 11 poll and his opponent Hakainde Hichilema has filed court papers to challenge the result, claiming the vote was rigged.
Muvi TV, the nation's largest private television station, Komboni Radio and Radio Itezhi Tezhi had before, during and after the election conducted themselves in an "unprofessional manner", the Independent Broadcasting Authority said in a statement.
The broadcasters' actions "posed a risk to national peace and stability," the regulator said without giving further details.
"Now only ZNBC will be allowed to broadcast, only Times of Zambia, only Zambia Daily Mail," opposition leader Hichilema said at a media briefing, referring to state-owned media.
"And all of these are departments of the ruling PF (Patriotic Front party), pushing PF propaganda."
The suspended stations have 30 days to appeal the ruling, the regulator said.
(Reporting by Chris Mfula; Writing by TJ Strydom; Editing by Andrew Roche)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alaska governor halts sale of pension obligation bonds
- GM's OnStar, IBM's Watson combine to market brands to drivers
- Asia stocks slide after Wall Street losses, oil drops on glut concerns
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!