The RJRGLEANER Communications Group has announced that telecommunications company, FLOW, has started to pay the group for streaming its free to air television content.
Chief Operating Officer Christopher Barnes made the disclosure at the group's annual general meeting.
”A milestone achievement for the group is that we have been able to get transmission rights from FLOW in respect to carrying TVJ. This is a big development that we continue to push for with other cable companies - in terms of recognising the value of the content that we are putting out there. I think we have sent the precedence that it is not “free-carry” and that our content has value.”
Meanwhile, shareholders gave Radio Jamaica the approval it needed to raise new capital to finance its projects.
The RJRGLEANER Communications Group announced major plans to digitise various segments of its operations including what CEO Gary Allen termed a digital first print product.
He noted that some of the articles in their current form were restrictive.
”When you are in tough times and your looking at opportunities at how you manage your business, you want to have the most agility , the greatest level of freedom to take advantage of the opportunities as they arise. The company has no unissued float of ordinary shares at this time. So that deprives us from the kind of agility that we would want to have. We cannot issue bonus shares without having to come back to shareholders each time we want to do that ....” he stated.
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