In a release from the Trinidad and Tobago Stock Exchange, Dawn Thomas, Group Chief Executive Officer of One Caribbean Media Limited advised:
One Caribbean Media Limited (OCM) has entered into an agreement for the acquisition of the Citadel Group, owners and operators of three radio stations in Trinidad and Tobago – I 95 fm, Red 96.7 fm and Hitz 107.1 fm.
OCM wishes to emphasise that the change in ownership will see key talent being retained so that listeners to the three stations can look forward to the continuation of their favourite programming.
Additionally, OCM has successfully negotiated the acquisition of Sidewalk Radio Limited which is the owner of the radio frequency 92.3 fm. This will facilitate the broadcast of the Caribbean Super Station (CSS) in Trinidad & Tobago for the first time.
The CSS has, since April of last year, been broadcast in Barbados, Grenada, St. Lucia, Antigua, Barbuda, Montserrat, British Virgin islands, St. Kitts and Nevis. The concept of the CSS is to create and build bridges across the Caribbean and promote the rich talent of our artistes.
Both transactions are subject to regulatory approval, but it is not expected that this will give rise to any difficulty or cause undue delay in completing the transactions.
OCM is a publicly owned and regionally focused media company quoted on the stock exchanges of Trinidad & Tobago and Barbados.