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Will Oliver Mcintosh’s Verticast Media Group Acquire CVM TV From Michael Lee Chin? Part 1

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There is an interesting line in a number of privately circulated private placement documents from the Oliver Mcintosh-led Verticast Media Group Limited.

The line reads, “To assist with the Acquisition of traditional media company and the Broadcast Rights of the English Premier League for 2023 – 2026 and the FIFA World Cup 2022.”

The “To assist with the Acquisition of traditional media company” is what got our attention. So, we started to ask around, tapping into people we knew would have some insights into this potential deal. We asked them which traditional media company this could be, and the name that kept coming up was CVM TV.

So, we probed further, why the Michael Lee Chin majority owned and controlled CVM TV?

Several people said to be somewhat close to Oliver Mcintosh claimed that he has always held the desire to acquire and operate a free-to-air media outfit and CVM TV would be a perfect fit for what he is embarking on with Verticast Media Group.

Based on comments placed by Mcintosh already in the public media we know that he has already acquired the Broadcast Rights of the English Premier League for 2023 – 2026 and the FIFA World Cup 2022. So, the insertion of this line may be an attempt to deficit attention or he has not paid for the rights yet and now seeking the funding. Given the highly competitive nature for the rights acquisition we suspect that he has already secured these rights by way of loans or debt financing and now looking for the funds to pay them off.

Given this context, the question now is which traditional media company is Oliver Mcintosh seeking to raise at least US$49M for, with the option to upsize if the market responds favourably. He is doing this by way of several instruments, including.

  • US$26M Secured US$ Fixed Rate Bond
  • Private Issue Of Ordinary Shares Up To US$13.2M
  • USs$9M Convertible Preferred Shares

He also intends to execute, as a possible exit for early investors, an IPO within 36 months after the Issue Date and apply to list its shares on the Jamaica Stock Exchange.

So how does CVM TV fit into Oliver Mcintosh’s grand plan? Let’s look at what CVM TV has to offer….Part 2

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8 months ago

[…] Will Oliver Mcintosh’s Verticast Media Group Acquire CVM TV From Michael Lee Chin? Part 1 […]

Marketing & Advertising

Nominate Businessuite’s Top 50 Caribbean Marketers to watch for 2023

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Businessuite Top 50 Caribbean Marketers to watch for 2023

Final selection will be based on factors that include business results driven by breakthrough advertising and smart strategic thinking, as judged by fellow marketing professionals. It is expected that Marketers and their brands selected will have shown throughout the year, the ability to grow, innovate — and more importantly — cut through the noise in 2022 into 2023. To Nominate Click This Link

Businessuite top 20 most influential Caribbean CMO’s for 2023.

So what is influence? We define it as the impact a CMO’s actions and words have on their organization internally as well as externally in their industry, in Jamaica and in the Caribbean more broadly. That of course includes corporate brand perception, but also marketing and advertising efforts, trends, financial performance and overall conversational and societal impact in 2022 into 2023. To Nominate Click This Link

General Terms and Conditions

The  finalists will be chosen by marketing professionals in Jamaica and around the Caribbean, Businessuite contributors, reporters and editors.

All Marketers nominated must be listed on LinkedIn.
To vote you must be a marketing professional listed on LinkedIn

The Final lists for both categories will be published in June and July 2023 on businessuiteonline.com

Sponsored by

AMK Communications Limited

BlackTone Technologies Limited

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Marketing & Advertising

Innovations And Challenges Impacting The Ooh Advertising Landscape Of 2023.. Part 2

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Bluetooth Low-Energy Transmission

As consumers spend more time traveling and venturing out of their homes this year, brands are returning to billboards and incorporating technology to reach consumers in new and impactful ways.

Beacon technology has been in existence since 2013. Recently, marketers are using beacons that transmit Bluetooth low-energy (BLE) signals to smartphones within a 300-meter proximity per beacon. These BLE signals carry small packets of data, which can be a form or a specific product being advertised, directly to the audiences’ smartphones.

This innovation in outdoor advertising may help brands connect directly with consumers and increase their engagement with ads. The challenge with this innovation, however, is that recipients must accept the BLE signals coming into their phones before the ad can be delivered. Augmenting this with an outdoor display ad can increase the BLE signal acceptance rate.

https://www.forbes.com/sites/forbestechcouncil/2023/03/10/the-ooh-advertising-landscape-of-2023-innovations-and-challenges/?sh=5dc4ab5b3967

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Marketing & Advertising

Innovations And Challenges Impacting The Ooh Advertising Landscape Of 2023…Part 1

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Physical-Digital Hybrid Experience

As consumers spend more time traveling and venturing out of their homes this year, brands are returning to billboards and incorporating technology to reach consumers in new and impactful ways.

Except for brand awareness, customer engagement is the main objective of advertising. There’s no better way for businesses to engage audiences than helping them transition from what is a regular outdoor ad on a billboard to a digital experience on their mobile phones. Marketers are making this possible by using hashtags and QR codes as the main elements of their ads. As the target audiences interact with these adverts, brands can retain their attention for a longer duration than they’d normally do staring at a billboard.

https://www.forbes.com/sites/forbestechcouncil/2023/03/10/the-ooh-advertising-landscape-of-2023-innovations-and-challenges/?sh=5dc4ab5b3967

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Businessuite News24 International

Walmart Wants More Income From Outside Sources To Increase Overall Profits.

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The reason is simple. About 55% of Walmart sales come from its grocery business, and these sales are relatively low margin. In order to generate better profits, Walmart’s effort is to increase the income from advertising, business-to-business activity, and third party sellers on its marketplace. Delivery services from stores and other activities are also under consideration as sources of additional profits.

“The company will shift more attention to advertising sales, third party income, and business-to-business sales to improve its bottom line. More vendors want to spend advertising money with Walmart because it attracts so many shoppers. The advertising revenues typically fall into the 70 to 80 percent range and can change the composition of the company’s profit and loss statement.”
Insider Intelligence expects Walmart’s ad revenues to grow +42 percent in fiscal 2023.
John David Rainey, CFOCFO of Walmart, speaking at a recent Raymond James Institutional Investors Conference.

 

 

https://www.forbes.com/sites/walterloeb/2023/03/10/walmart-profits-to-depend-more-on-advertising-and-other-income/?sh=31a29dc754b8

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Businessuite Markets

Guardian Media’s Strong Final Quarter’s Performance, Helping To Report Profit Before Taxation Of TT$3.9M For Year December 2022.

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Peter Clarke Chairman of Guardian Media Limited has released the following audited results for the twelve months ended 31 December, 2022.

The steady contribution of our newspaper was re-enforced by our hugely popular special publications and increasingly popular digital presence. Combined, these campaigns stimulated increased activity and advertising spend, and drove the reversal of Guardian Media Limited’s Q3 year to date loss before taxation of $6.5M, and the delivery of its full year result.

In similar fashion to 2021, the final quarter’s performance was very strong. In 2022, for the quarter ended 31 December, Guardian Media Limited reported profit before taxation of $10.3M, just behind last year’s fourth quarter result of $11.5M profit before taxation. These results were driven primarily by our successful 2022 FIFA World Cup Finals campaign.

For the year ending 31 December 2022, Guardian Media Limited reported profit before taxation of $3.9M compared to a $6.5M profit before taxation in the prior year.

Revenues reported for the year were $117.8M ($104.7M – 2021) reflecting an increase of $13M or 12.5% in advertising revenues.

Operating expenses increased year over year due to our efforts to stimulate commercial interest, and in order to fund growth strategies across all business segments.

The year 2022 opened without the much-anticipated levels of commercial recovery and activity. The Russia-Ukraine war, supply chain challenges and financial market pressures forced businesses to focus on survival instead of advertising campaigns.

As part of our 105th year celebrations, we at Guardian Media Limited, spared no effort to re-connect advertisers with their customers by investing heavily in irresistible content, whilst continuing to be the trusted media partner across all platforms.

During the year our branded Radio campaigns included the Caura Fest, Sangeet Premier League, bar crawls and other outside broadcasts, through which our loyal listeners were again able to connect with their favourite on-air personalities. After introducing our citizens to iconic global motivational speaker Sadhguru in August, we covered the 2022 Caribbean Premier League, and acquired the rights for the 2022 FIFA World Cup finals in Qatar, as well as the English Premier League.

In spite of the challenging commercial environment, we remain resolute in our
conviction that the business is well positioned to face the future. It has bravely weathered the pandemic, stabilized its operations and re-defined its strategic objectives to achieve delivery of enhanced shareholder value.

Your Board of Directors is pleased to announce a final ordinary dividend of 4 cents per share (2021 – 7 cents). Preference shareholders will receive a final dividend of 3%. Dividends will be paid on 15 June, 2023.

In accordance with section 110(1)(a)(i) of the Companies Act 1995, the Directors have fixed 22 May, 2023 as the Record Date for payment of this final dividend. The Register of Members will be closed on both 25 May and 26 May, 2023.

For More Information CLICK HERE

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