YOUR MOVE PART 2: A Merger Of CVM, The Observer And Grove Broadcasting?

Published

9 years ago

March 23, 2016

The only move left for Gordon ‘Butch’ Stewart, now is for him to finally make a business decision regarding the future of the Jamaica Observer. Those are the words of renowned Psychologist, Dr. Leahcim Semaj.

According to the Jamaica Observer Chairman, the merger between the Gleaner and Radio Jamaica is a bold one ‘in a challenging environment, especially for print media.’ He says ‘the merger is admirable, notwithstanding the fact that we (the Observer and the Gleaner) are competitors. It will improve the ability of both companies to survive in an environment made even more difficult by the emergence of social media which, while not as credible as traditional media, enjoys popularity’.

While most believe that Stewart should merge with CVM TV, Dr. Semaj believes he should go one step further by also approaching the Grove Broadcasting Company which is inclusive of Zip 103FM and Irie FM. He says following the recent passing of Chairman, Founder and managing director, Karl Young four years ago and the death of his son and successor, Chad Young earlier this year, the company is now ripe for acquisition. The psychologist says a merger of CVM, the Observer and Grove Broadcasting would be the only acceptable response to the Gleaner/ RJR merger.

The above extract is taken from the September 7 Issue of Businessuite Magazine. It is the third in a series of reviews of the general opinions and issues surrounding the initial announcement of the merger of RJR and the Gleaner.

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

8 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

8 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.