Media industry still feeling effects of Jamaica's weak economy.

“While there are some signs that the economy may be emerging from a long recession, this has still not yet translated into robust activity, including spending on advertising, which is a crucial part of our income stream,” said Gleaner Managing Director Christopher Barnes.

Published

14 years ago

August 26, 2011

BusinesSuiteOnline

Despite the mild second quarter uptick in sales, Gleaner company officials say, like the wider media industry, it is still feeling the effects of Jamaica’s weak economy.

In the current environment, controlling costs, which The Gleaner Company has managed tightly in recent years, remains an important focus for the newspaper.

The managing director added: “The company is however going through an exciting phase of a full transition to multimedia capability and the resulting enhancement of its digital platforms. We have revamped and launched several of our digital offerings this year, including our online classifieds (www.gleanerclassifieds.com), our videos section (http://jamaica-gleaner.com/videos/) and our incomparable first in the Caribbean BlackBerry news application (http://jamaica-gleaner.com/pages/getmobile). These new offerings when added to our leading positions in print, online and niche radio, and the commitment of a dedicated and innovative Gleaner team, position us well for the future.”

With $71-million profit from operations bolstered by a second-quarter hike in finance income, The Gleaner Company’s six-month pre-tax profit moved to $188 million. Profit after taxation for the period was $143 million.

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.