Tuesday, April 24, 2007

One Caribbean Media Limited to acquire additional radio stations


Regional media giant One Caribbean Media Limited (OCM) is expanding its reach by purchasing five more Caribbean radio stations. OCM Chairman, Sir Fred Gollop, said the company had signed a share agreement with Cumulus Media for the acquisition of 100 per cent of the shares in the five stations.
The five stations involved in the deal include Hott 93 in Trinidad and Tobago, The Wave in St Lucia, GEM-FM in St Kitts-Nevis and 93.9 FM in Antigua and Montserrat. The fifth station was not named.
OCM already owns four Starcom Network stations in Barbados and two Grenada Broadcasting Network GBN stations.
(Source: Radio Jamaica)/R Netherlands Media Network Weblog)