RJRGLEANER Group divests Music 99 FM

The RJRGLEANER Communications Group has divested radio station Music 99 FM to Caribbean Global Networks Incorporated.
The company is incorporated in St. Lucia.
RJRGLEANER says the transaction is expected to be completed by April 15.
In a notice to the Jamaica Stock Exchange, RJRGLEANER explained that the transaction fulfils a conditionality of the Broadcasting Commission which required the group to relinquish one of its radio licences or a set of radio frequencies following the merger of Radio Jamaica Limited and Gleaner Company Media Limited.

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