Lester Spaulding - Chairman of Radio Jamaica and Oliver Clarke - Chairman of the Gleaner company
Lester Spaulding, Chairman of Radio Jamaica Limited, on Tuesday sought to assure shareholders that the takeover of the Gleaner's media assets will not put them at a disadvantage.
Shareholders in attendance at the company's annual general meeting in Kingston, raised concerns about the impending takeover of the Gleaner assets by Radio Jamaica, especially in light of global trends showing newspapers are being phased out.
However, Mr. Spaulding stressed that the deal is not merely about the newspaper assets but also about the archives the Gleaner possesses, and its online presence.
"The deal is structured that if we ever have to close the print side that you are talking about, it should not be a significant drain on this group. It is structured in a way that you are not going to have a heavy hit. So we have taken precautions," he said.
Last month the Boards of Directors of Radio Jamaica Limited and the Gleaner Company Limited signed an agreement for RJR and the Gleaner to combine their total media businesses into the country’s largest and most diverse media and communications organisation.
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