The assertion that says “he who pays the pipers dictates the tunes” agreed more with the outcome of this study because of the controls and influences exercise on journalists especially those working with the private media. The impact of ownership structure on the performance of private stations in Nigeria (A case study of Channels TV). The study is anchored on System Theory, Source Credibility and Political Economy Theory. Survey research method was adopted using simple random sampling technique. Also questionnaires were administered to 250 respondents and 220 were correctly filled and analysed. While the data collected were analysis and interpreted in Frequency and percentage method. Findings show that Channels television is one of the most outstanding television stations with many awards of best television of the year while many of the respondents admitted that journalists in the Channels TV have free hand to operate to a reasonable extent. It was established that Channels television ownership does not influence the editorial contents of the station. The study recommended that media owners should not close their eyes to the material working conditions of their staffs, for it is only a well-motivated workforce that can bring out its best. while journalists should act in the most professionally accepted way in their everyday assignment and uphold the ethical standard irrespective of who own their platform.