We revealed here few months back that Swangz Avenue boss, Julius Kyazze was set to acquire a music station, Face TV.
The latest is that the negotiations have stalled after current owners failing to agree with terms set by Kyazze and his team.
According to a source, the two parties were going to jointly own the station.
Kyazze had plans to introduce lifestyle shows and had started poaching TV presenters. A source says content for some shows had already been gathered.
The station is also facing financial constraints, according to an insider.